Prices have now reached and filled both the and the bat patterns and also fulfilled my wave count as per that post. There is also a 1.618 golden ratio extension of the wave iii at the end of this wave 4. I also mentioned that there was a possible expanding taking place (the blue dashed line) and that this could be the D point of that triangle. Prices have now reached the TL of that expanding triangle as well.
MY TRADE PLAN
I am going SHORT on this pair expecting to see a decline back down possibly to retest the 69-70 cents levels. My stops will go above the X point of the .
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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