INotFancy

INotFancy

It looks like a deep correction, that should be just about done. There's also divergence, suggesting down-move whenever the price-action is ready for it. So look for sell-setups, it may crawl up to fib level 23.60%, so just be patient.

INotFancy

Let it correct, and look out for the b-wave, that might give you a little sell-setup. Remember, be patient.

INotFancy

Look for sell-setup and take it if you get one, (the b-wave down), but take profit fast, cause corrective structures can shift and change quickly. It's likely that it will go up to the 61.80% first though. It may just correct all week next week, or give us the big impulse down late in the week.

INotFancy

Look for sell-setups to the bottom, we are at the top, so just look to sell and sell whenever it corrects!

INotFancy

This is the outcome I favor the most right now, because of the wave-structure and the momentum doesn't look like another up-move is possible right now. But, nothing is certain in the forex game so we'll see :-) If the market comes down from here, then I'm gonna look for either a reversal and the C-wave up, before it's gonna impulse down, or if it's already ready...

INotFancy

It is correcting, there's no setups as of yet, because the structure is still unclear. It looks like a big Flat in the making. But, I am not sure whether the A-wave is done yet, cause on a smaller time frame it looks like it's making a zigzag correction right now, which means that we have one more wave up (c-wave), which will be finish the A-wave, and then we...

INotFancy

Monitor it, and watch how the pair develops