If we look to H4 and H1 time frame, we are able to see that the price are struggling on a sidetrend. Looking into support and resistence zones, we could see on H1 time-frame, three support areas, with two resistence areas. After I analize the elliot wave impulsive and correction phases on the trend(h4 time frame), i could now say, after add on it an interpretation...
Trend Direction watched in H1. All the rest I watch/do in M30 time-frame, I used Fibonacci Retracement, Watched the pair retracement from 1% to 0,5%, two times, creating two support zones, for what i've analyzed before, i could call it, like you see, a truncation on wave 3, after that, wave four, and now, getting his way througt the channel, the wave 5.
*TEST*(All this information is for my personal evolution, will be good if all of you contribute with your opinions too)
-About the pair, after a double corrective wave, we find a final improve wave. After analyze the RSI Level we could find that it was under level 30, and probably it is in your own way to the central level.
I expect that the wave a form near or...
I think the pair could retrace until the level 0,236, but then it goes down again, respecting the RSI level and the ending diagonal triangle.
This is a m30 open position, and it will be important news in a few times, could create a lot of "noise" on the pair.