I show you that chart so you can see the difference in what is now my new wave count. So lets get to it.
The MAIN chart above is the 1HR chart. My wave count for the nearer term moves still shows that there should be another small push up coming in what should be a wave (3) of (5) of iii . That wave iii is also the iii of v of the larger degree wave (3). So my wave count has this pair in a wave (3) overall. And it's not done. Keep in mind that this wave (3) is only a part of another larger degree wave 5. You can see this in the following higher TF charts. Make sure to click on each chart below for more details on each.
4HR Chart - Possible FOMC Up Move Setting Up?
DAILY Chart - A POSSIBLE Cypher?
MONTHLY Chart - POTENTIAL Bat shows MUCH HIGHER Prices To Come
MY TRADING PLAN
Is it worth it to try to catch the tail end of what I'm seeing as a continuing wave iii? Well, that will need to wait to see how far will the wave (4) (in the 1HR CHART in the MAIN CHART above) get to. If there is a good enough retrace, then it may be worth it to try to catch the wave (5) up of the wave iii . But even that should be short lived as when the wave iii is done, then the next move is a wave iv down which set the stage for the FOMC rate decision. That rate decision COULD then shoot this pair MUCH HIGHER in what I would be seeing as a wave v of (3). So it may be good to just skip trying to catch any small move up and rather wait for the wave iv to develop and set the stage for the FOMC. If prices do follow my projections here, then it will be pointing to a positive FOMC, a rate hike and a USD boost which should affect this pair to shoot it up.
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