Price has been in a correction on the H4 timeframe since last Friday. Following the Elliot wave correction, and price cycle for the week, Price was bearish Monday, bullish on Tuesday, Wednesday and Today (Thursday). I am expecting a bearish Friday. As confluence, price action is currently in the last phase of the correction. I would be watching to sell with confirmation in price action. My target is 145pips to 1.23056.
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Entry is coming up.
Trade active
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I would be taking 90% profit off my current trade. I thought we would meet target today, but there is a pullback coming.