In this above, the thing to pay attention to most if the possible completion of the POTENTIAL Bat @1.06102 which is very, very close to completing but not yet (as of the time of this posting). Will it complete? Can't be sure but looks quite possible. If it does complete, then prices will also be hitting the .886 retrace of the wave (A). Which if course is in the G-Zone and is the highest reversal probability level within the G-Zone. Does that mean it will reverse? No. It does not. It only means it MAY. There is the possibility that prices may keep dropping and challenge the lows established back on March of this year. Which if it did get there, would of course be a place to look for some kind of strong reaction. But that is still a ways away.
A upwards reaction off the POTENTIAL completion may only end up being a upside brief retracement before heading down towards the lows as well. So keep that in mind.
MY TRADE PLAN
I'm watching very closely this pair for a hint of a move up to start. When I see it, I will be looking to pounce on it. But right now (as of the time of this posting) I am only watching.
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