From the daily timeframe, we were able to count a clear 5 wave structure for this pair, where the 5th wave was an ending diagonal consisting of 5 overlapping sub-waves.
A bearish confirmation signal appears at the end of this tunnel, which is the shooting star on the daily time frame.
There may be a retracement to 50% Fibonacci level of the daily candlestick before selling.
The invalidation level is above 1.2000 region
A bearish confirmation signal appears at the end of this tunnel, which is the shooting star on the daily time frame.
There may be a retracement to 50% Fibonacci level of the daily candlestick before selling.
The invalidation level is above 1.2000 region
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