Here we look at a simple channel trend on VRCUSD for YTD. Looking for areas of consolidation naturally, and then once found, looking to try and time prior consolidation periods date ranging from a Local High, to a local low. To me, it appears we are in a 2nd longer time frame consolidation period of 50 days. (The two green highlighted areas on the YTD Chart) ...
Looks like we've an extended wave C. There is a ending diagonal triangle which suggest a trend reversal. Also you can see the bullish divergence de RSI is offering us. Notice that the price has broken the strong resistance around 11.54 levels. I thing this is just a market move to clean all easy longs around that price before the next bullish rally starts.
LONG POSITION IN GALP, FROM LISBON. TIME FOR THE PRICE TO COME UP AFTER THE MASSIVE DOUBLE FLOOR IN PREVIOUS MAJOR WAVE. ALSO AN ENDING TRIANGLE. WE'RE ON THE FIRST MINI WAVE WITHIN THE FIRST WAVE.