On its way to 1.30 ???
After an initial 5 waves move down in the beginning of the year we had a large complex sideway consolidation (possibly a triple zigzag) for most of the last 6 months. This correction seems over to me and I am now looking at smaller time frame to enter on the short side ! Another 5 waves down should come all the way down to the 1.30 area. This move from the high of November could represent the first leg which mean a pull back is coming now ( wave 2). It is then Wave 3 that one should look to catch ! Good luck
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.