All other waves had a breather on the way up or on the way down. I'm sticking with my 5 day plan for this final wave C. Surely it must get close to the FIB 38% retrace.
@rickywolstencroft, Wave A hit 23.6% and then went up for wave B. Perhaps wave C will only hit 23.6% again or just short. The last selling stopped around 1.91 so perhaps it might only reach that area. The most recent drop cleared 5 days worth of trading in one day. I'm thinking bearish rather than bullish based on that. Unless of course, this recent downward move is the one created by the big players in order to convince the retail crowd to short before then clearing the shorts and going long. What is your opinion on this pair Ricky?