Updated my wave count and have taken into consideration the bigger picture downtrend that was occurring.
Went short at 1.37419. Aiming for the 200% level for TP level. This will more than likely be the initial S/R for the bottom of Wave 5. Waves 1 and 3 seem to be about equal at the moment, so Wave 5 has the possibility of being extended. Will update.
Went short at 1.37419. Aiming for the 200% level for TP level. This will more than likely be the initial S/R for the bottom of Wave 5. Waves 1 and 3 seem to be about equal at the moment, so Wave 5 has the possibility of being extended. Will update.
Trade closed: target reached