ultimately short, but first one long wave to go possibly. i long it with a reasonable sl for the coming days.
im happy. lower tf downtrend broke. :D
lets wait for the close (4hr instead of this 1hr tf)
a CLOSE below this level is a close for my trade now. this wave should be a first first wave out of three or five waves of last wave in the diagonal. I want to see a full wave up, but being this one the last wave, exhaustion can happen easily. And counter trend trade on higher tf, so be careful :D
no close, only tested the trendline several times. lets make the last wave..
Yes, it will, but if it´s gonna go for one more it ewill take out the trade i have with almost +200 pips and such a great potential to go futher.
The best way to handle this, is go long, if the pair will turn around for the 5th one, then make a decision during the last wave up....and go short again from the top....
Anyway, thaks for your chart!