As i mentioned before we are looking at a long term major uptrend formation.
For now Long Term wave 1 seems to be completed at 1.00696.
Corrective wave 2 seems to be forming as a 5-3-5 formation as shown above.
Wave B of 2 has been completed at 1.00604 and we are at the beginning of Wave C.
Take profit at 0.9900
Stop loss at 1.0080
Just sharing my thought.
For now Long Term wave 1 seems to be completed at 1.00696.
Corrective wave 2 seems to be forming as a 5-3-5 formation as shown above.
Wave B of 2 has been completed at 1.00604 and we are at the beginning of Wave C.
Take profit at 0.9900
Stop loss at 1.0080
Just sharing my thought.