Daily still expecting a down move towards 0.7140, and even potentially towards 0.6955 - 0.7090.
There are two potential scenarios playing out on this pair right now - (1) it has completed the ABC correction and ready to go for the 5th wave down; or (2) it is still in a correction, potentially reaching higher towards 0.7555 before the 5th wave down.
Trade plan: look for sell setup targeting 0.7140; but at the same time be aware that price can still go higher.
There are two potential scenarios playing out on this pair right now - (1) it has completed the ABC correction and ready to go for the 5th wave down; or (2) it is still in a correction, potentially reaching higher towards 0.7555 before the 5th wave down.
Trade plan: look for sell setup targeting 0.7140; but at the same time be aware that price can still go higher.
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