Completing wave (b) of flat correction (4). Buy at termination of ED wave c near 1.4750.
Prepare to buy on a zigzag (5) at the bottom of wave (4) of expanding diagonal (c). SL @ break of wave (2) bottom.
A Game Change from short to long for next week - due to short selling wave count being invalidated on late Friday session. Short covering for my short positions is at 0.7136 before reverting to longs. It's O.K. to Change Your Mind in Trading, especially about cutting losses.
This pair is poised for swift advance for short term and massive long term upside , while yesterday's has been the start of the 3rd of 3rd of 3rd, Today's low would be the beginning of the 4th 3rd. It's long whatever you do.
Expanding Diagonal formed with (4) overlapping (2),. Still long now with TP & reversal area near 123.150.
Buying the dip at the beginning of a major trend wave (3) near 1.0670 SL @ break of lower channel line
Selling at the top of (iv). Target of 0.7000 is do-able within days or before X'mas in this swift decline.
Completing wave (b) of complex correction iv.
Finding a decent range to trade within complex ending diagonal
a swift decline on wave (3), looking at 0.7000 by the year end
wave iv retraced more than 0.6182 of iii on an extended impulse (c). Set for resuming down trend on v
Now set for short on wave (3) or more, SL @ break of upper channel line.
Present wave {4} correction bottoming near 121.650 before resuming uptrend on {5}. SL @ top of {1}, wave (1) target 123.160.
IF present decline wave (b) of correction (4) is coming to an end, an impulse wave (c) will likely retrace towards 0.6182 of (3) or MORE, for the completion of (4). Plenty of upside.
Since January this year PA has all been corrective as an on-going correction (4). Now on it's last leg up wave v of expanding diagonal (c), for completing this correction (4). Point of invalidation of this wave count is at bottom of purple ii.