Break of the head and shoulders neckline on the monthly timeframe. Now it's time for a retracement back up. Finished minor wave 3, going for wave 4. First target is 1.36606. After this, we must wait and gather more information to determine if we're going to do a spike up to the 1.45424 area before going short again.
Comment:
Retracement levels of the minor wave 3.
Comment:
Trade closed: target reached