Look for today's lows at 0.9999 to be broken for new lows
4hr Update
The 'y' leg of this larger macro structure 'C' wave down appears to be incomplete. It has been reset by the fact that 1 green candle took out the previous green retracement candle (noted on chart). This resets the structure and means we can continue to new lows again.
Also note, we are still within the 'wxy' tramline pair. We would need at least 2 green candles outside of the upper tramline to consider longs if we were to break upwards from here.
I am currently bearish and anticipating a break of today's 0.9999 low. Invalidation of the short side would be 2 green candle closes above the upper tramline.
The 'y' leg of this larger macro structure 'C' wave down appears to be incomplete. It has been reset by the fact that 1 green candle took out the previous green retracement candle (noted on chart). This resets the structure and means we can continue to new lows again.
Also note, we are still within the 'wxy' tramline pair. We would need at least 2 green candles outside of the upper tramline to consider longs if we were to break upwards from here.
I am currently bearish and anticipating a break of today's 0.9999 low. Invalidation of the short side would be 2 green candle closes above the upper tramline.
Trade closed: target reached