Well it looks clear in the h4 chart, price is in a nice uptrend at the moment in h4 time frame....I expect price to find resistance around 0.8900 level. As price earlier came down from that price. So, will hold till that price :)
Decline from wave ((X)) high at 0.962 is proposed to be in a triple three structure (W)-(X)-(Y)-(X)-(Z) where wave (W) ended at 0.929, wave (X) ended at 0.9457, wave (Y) ended at 0.8784, second wave (X) ended at 0.9041, and wave (Z) is currently in progress. From second wave (X) at 0.9041 high, decline in wave (Z) is unfolding in the form of a double correction...
- Broke the key 0.90 level and have retested with a nice pin bar and doji - broke and retesting upward trend line from the lows of last october, november and december - 0.382 retrace from the bearish run