If you can see my wave count, the recent move up could be complete at 1.58268and now will head down for a bit. If it does complete the , that will be another good entry point for another LONG position for the wave c (pink line).
Wave c is the third leg of the abc pattern and is also the CD leg of the (blue). Wave c will unfold in 5 waves with the current move up being only the 1st of the 5 waves. The could be the wave (ii) of the 5 waves. So when that finishes, we're possibly looking at a wave ( iii ) which of course, is the wave that presents the most opportunity for profits.
Year-to-date Profits: +5,794 pips.
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