The current movement is a part of correction to the previous impulse and the downtrend will likely resume after the correction pattern is completed. The risk:reward is very good at the current level and positions can be maintained for the week. Fed is also likely to increase the interest rates which could appreciate dollar's value further.
This analysis is based on the Elliott Wave Theory. Manage risk while trading.
This analysis is based on the Elliott Wave Theory. Manage risk while trading.
