The current primary wave started in 2008 , think GFC . Since then there seems to be 4 minor waves completed in early 2018 , within the progressing D wave.
The 5th minor wave has seen price consolidate over the last year between the 200MAV and the monthly .
is approaching the lows of 1996,2007 , 2014 . This may proceed a little lower , but not for much longer ( months) .
A reasonable projection for the 5th wave completion is in region of .782 fib retracement of Primary wave C and top of channel .
I am on this currency and will continue to be until 110.....