SL = 0.7030
Good luck :)
Good luck :)
Trade active
Note
SL = Break-even = 0.7055Wave Update:
Phase 4 = definitive completion
Phase 5 >>> pending
Analysis for phase 5:
There is no structural resistance in sight so there is potential for phase 5 to extend which would support this expanding diagonal wave form.
Phase 5 must exceed 110% the length of phase 1 should this wave form come through.
Trade closed: stop reached
Break-evenNote
The actionable micro degree wave (blue) that unfolded as a failed converging diagonal fits perfectly into our long term analysis of a strong downtrend. The failed diagonal is the composition of a bullish correction. Whether this incline marks the end of the bullish correction is yet to be confirmed. 
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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.