This pair has been on our radar for long with BUY positions from when it broke out of the ending diagonal. At this point, the market is advancing to complete a major wave 5. To capture the next big move, we should place ourselves strategically at the completion of minor wave 2 so we can catch the move for minor wave 3 all the way to possibly 113.00
Having completed a 5-3-5-3-5 Diagonal, we are now headed for the third leg of the correction: wave C.
Wave B is developing as a flat and also a retest.
