Based on the triangle breakout, we can see that the thrust going down were impulsive 123 then the price started to do some corrective moves up in wave 4. I've marked the chart with WXY and it really seemed that the price should start to go down to finish the 5th wave down. If the price doesn't go down as it should (impulse down), maybe it's a WXYXZ moves. It simply means Wave 4 isn't finished yet.
I have two other counting options but I really think this is the most logical. Let's see if it works in our favor.
I'm selling this pair for now. What do you think about my analysis?
I have two other counting options but I really think this is the most logical. Let's see if it works in our favor.
I'm selling this pair for now. What do you think about my analysis?