Looking for a move to the upside before going down again
Looks like wave c of B is almost over, soon to start wave a of C
Looking to enter a long position after the completion of the correction.
Still in correction waiting for an impulse move to the upside.
Looking at two possibilities for a long position, for wave 5 completion.
the price is failing to break the 0.89736 resistance level, looking for a short position around this area
looking for a long position around the gray area (75.207 - 74.945), 50 - 61.8 Fibonacci levels
A fake break out before heading to new highs (possibly). Entry at (0.65316) stop loss at (0.64949)
Potential reversal area (0.65670), more confirmation after (0.65861) resistance is broken for long postion. 4:1 profit to loss ratio
Possible Up side move because of the Strong support area (gray zone). Experiencing a Fake break out before a potential move to the upside.
Anticipating a sharp move to the upside from this point (1.50215). 3:1 profit to loss ratio