Ok, we got the 1.2350 target as what we thought would be an wave-5 extension earlier this month.
Ofcourse its very difficult knowing whether this wave is already completed or not, specially before ECB meeting in just couple of hrs.
But IMO, IF we DO see a small ABC correction here down to 23% - 38% fibonacci, then we could buy the pair again for wave 5 towards 1.26, if the bullish condition/signal around lower line of this wedge is there ofc.
The problem is that we dont know where current wave-5 will stop and next one is starting.
Only way at this point is following candlestick patterns and maybe the overbought condition and wait for ECB :-)
Always USE STOP LOSS when you trade!
................. Good Luck!
Ofcourse its very difficult knowing whether this wave is already completed or not, specially before ECB meeting in just couple of hrs.
But IMO, IF we DO see a small ABC correction here down to 23% - 38% fibonacci, then we could buy the pair again for wave 5 towards 1.26, if the bullish condition/signal around lower line of this wedge is there ofc.
The problem is that we dont know where current wave-5 will stop and next one is starting.
Only way at this point is following candlestick patterns and maybe the overbought condition and wait for ECB :-)
Always USE STOP LOSS when you trade!
................. Good Luck!