the pair paused between 112.000 and 111.640. Sentiment remains . My idea is that the run will resume to climb above 112.000 to end at approx 113.000 before correcting.
If momentum is lost and price falls below current support @4, price could retrace 50% of the move 0 to 3 and make its bottom on the pink horizontal line in accordance with the rule of wave alteration (if wave 2 is shallow, then wave 4 will be a deep correction).
At the time of writing price is attacking 112.000. Let's see if the attempt to breakout fails or succeed.
Strategy: Wait & See
Thank you for your support and for sharing your ideas.
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