As I said, wave 4 corrections tend to be complex corrections and hard to predict. This one looks to be no exception. This isn't a trade that I am posting here but only a kind of "road map" if you will. I am holding LONG positions but will not add to those positions through this correction. I will however be looking for a good level to close those positions and actually will be looking to for good SHORTING opportunities for the yet-to-come wave 5 down to the 70 cents level on this pair.
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. 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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