Nearing the end of the second complete Elliott Wave
on this pair (at least IMHO
). Previous waves showed tell-tale divergence at the 5th wave. There is a possibility of this actually becoming a 3rd wave. But if the past is indicative, it's more likely the C leg of a corrective structure, we'll have to wait and see. I'm looking to enter this trade on a bearish
candle pattern inside the PRZ. My PT will be at the harmonic AB=CD
(0.81500) which also happens to be the bottom of the Ichimoku
Kumo(cloud). I'm new to Elliott
and trading in general, so any feedback would be greatly appreciated.