Wave A was complicated so we have a good chance of an impulse next.
We might be starting wave 5 of a higher degree 3rd wave.
In channel analysis, fibo, even harmonics and elliott wave, this pair has really good measurements. Entry order placed in case it goes down hard. Will update once triggered.
It might be an expanded or simple flat before going up. Not enough buyers yet to drive up the price.
We are on top of a descending channel... never mind the small ascending channel in gray. Will update if activated. For a trade this big we should play it safe.
Last week I was bearish with this pair but I closed it before the weekend avoiding a loss. It seems that price has concluded the correction.
Bears are not yet slowing down. We are still in a correction and about to finish a triangle at point e as shown.
I think this'll finally get things moving on this pair.
We have a fibo extension in place for target. I am hoping for a temporary retracement up before the market attempts to fill the gap.