Looks like a nice elliot wave on the daily. Wave 4 is supposed to retrace back down to 109.7ish. Wave 5 looks like it's heading towards horizontal resistance. Inside the 4th wave there is another wave where the final leg also reaches down to 109.7ish. It also looks like a break and retest of the resistance at around 109.7ish Looking for a short term sell and hard buy at 109.7ish. In case I haven't mentioned 109.7ish, let me explain that it seems important. Short term bearish! Long term Bullish
Trade closed: target reached