I don't like over complicating things. This to me looks like a reversal falling wedge right? Looking to buy around my entry point. Looking to take extreme profits at 1.103 at least. Will be trailing my stop loss until i get to the top of the impulse.
Our preference: position bought above 1.0865 with targets at 1.0900 & 1.0910 in extension.
Alternative scenario: in break of 1,0865, a continuation of the decrease will be envisageable with 1,0850 & 1,0835 in line of sight.
Comment: The RSI militates for a rebound.
