Long now, looking for about 120 pips for wave 3 (in now). Pullback of about 50 pips, then long again for another 100ish pips.
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Always love taking a look at your charts and opinions, thank you for taking the time to share them!
as to the pair's movements, just noticed it found a floor around 134 or so, which is also last year's low. i will have to call my analysis into question if this indeed turns out to be the new major support going forward, because then adios bears, and all aboard the bull train.
however, on daily (we can also see it on H4 but need to compress the chart along the x-axis) isn't that a tiny H&S with a potential right shoulder under way if prices doesn't keep going up?
Yes, last week we had a post "Gorgeous Head and Shoulders Pattern". This is exactly where the 135.33 long target is coming from, for the build of the right shoulder.
At that point, we will be able to better see if it's a true H&S, and it gets dumped, or it becomes another "broken" Head and Shoulders, and then continue upward to our 140.72 long target.
Your openness is awesome, enjoy today!