The 15M count shows the pair has completed a corrective structure to 1.1112 highs to complete wave w before pulling back in wave x. So far we have seen the first leg up to mark wave a of wave y, completed at 1.1128, and price is pulling back in wave b of wave y.
The next leg should take us to 4H resistance which comes in at 1.1170 at which point the final leg in the entire move up that started last week can complete and downtrend to resume.
Invalidation for this 15m count is a breach below wave x lows at 1.1047
The next leg should take us to 4H resistance which comes in at 1.1170 at which point the final leg in the entire move up that started last week can complete and downtrend to resume.
Invalidation for this 15m count is a breach below wave x lows at 1.1047