And start of wave 5 up. Yes, it's the moment we've all been waiting for! And it might just be here. If you follow my posts, then you know that I am VERY BULLISH on this pair and am expecting a HUGE multi-week, multi-month wave (C) up that could possibly retrace 50% or more of the previous wave down. That's A LOT of pips, folks!
But for now, just interested in getting in on the "ground floor" of this potential big move coming up. My wave count on this wave 4 is shown and it had unfolded in a 5-3-5 ABC zigzag with the 5th wave of the last leg coming to a close soon.
MY TRADE PLAN Simple. GO LONG! I'm actually already in LONG now (as of this post) and will hold onto it even if prices continue to decline to complete the bat.