Looking for the 4th Elliot wave. 1.3620 the target. Range bound, this may not occur until Friday as I do not believe we will see a break out above the 1 hour trend line.
Long trends that are less steep tend to the produce the most reliable trend lines. This is also on a 4 hour TF which also makes me feel confident in this trade. Higher timeframes also produce more accurate trend lines. I am setting my target SHORT for 1.6310.
