The pair just completed 5 impulse waves and the Wave A and B of a Flat ABC correction in my opinion, therefore I'll be shorting this pair to the bottom as displayed on the chart. As further confirmation the pair formed a gravestone doji at the top of the Flat correction.
Implement your own due diligence before executing a trade.
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Implement your own due diligence before executing a trade.
For further details join us at:
http://www.valuedbusinessconsulting.com/
Comment:
Possibly looking into a running flat? ..we can see that wave b can be broken down into 5 waves instead of 3 (a flat goes by a 3-3-5 formation) so that makes me think that we could be coming across a running flat. Only time will tell
