The overall situation remains within the previously considered scenario. At the moment, it is likely that we are seeing the formation of the final wave 5 of the upward impulse, which itself is an impulse.

For the complete development of this structure, the formation of waves 3, 4, and 5 is still missing. This means that there is good potential for further upward movement.

Entering buy trades in this situation is a very promising trading decision. To open positions, it is necessary to wait for the current local maximum to be updated. Until then, the price may continue to remain within the forming correction.

Thus, the situation retains a strong bullish outlook.

Recommendations: Buy at 1.1190, SL at 1.1165, TP at 1.1320.