XA - is the impulsive bull wave from the low.
AB=CD - Correction is coming to an end. We are seeing a multimonth Flag Pattern.
I am expecting a fake breakout / bear trap to the downside, by breaking the flag to the downside, we are going to see a strong upmove in the coming days.
I entered a highly speculative long position @ 1.0275 with a tight stop @ 1.0249 risking 26 pips for a 1400pips target.
The length of XA is my anticipated target at the topside at around 1.1700.
AB=CD - Correction is coming to an end. We are seeing a multimonth Flag Pattern.
I am expecting a fake breakout / bear trap to the downside, by breaking the flag to the downside, we are going to see a strong upmove in the coming days.
I entered a highly speculative long position @ 1.0275 with a tight stop @ 1.0249 risking 26 pips for a 1400pips target.
The length of XA is my anticipated target at the topside at around 1.1700.