I think the correction for wave 4 circled blue is still not complete.
Right now price is making a 0.61 fib retracement for wave B red
Last ideal target would be the trendline support and previous wave 4 of lower degree.
Bearish divergence on MACD shows price is exhausting.
Happy weekend.
Right now price is making a 0.61 fib retracement for wave B red
Last ideal target would be the trendline support and previous wave 4 of lower degree.
Bearish divergence on MACD shows price is exhausting.
Happy weekend.
Comment:
First and Second target hit. I like this exotic pair.
Trade closed: target reached