The title sound crazy but base on wave theory that is what i think. If you wana catch the move you better now. Im looking for a buy opportunity. But not now.
I came out with at two counts here as im not 100% sure its fully corrected. But if it does the playout will be something like the brown arrow. If not im expecing the price to make a U-turn at my blue box and to continue complete wave C (blue arrow) before going down. Either way its still going down.
This is a long ter vew on this pair. I believe there is stil room for upside move. Now im looking for some corrective wave to get in the upside. First blue box reached. My target is the 2nd blue box
For the time being im looking for a complete correctino first before heading for wave c or more.
This is my country currency. I belive wave 3 just completed, now as price break out from the small upward trendline, i will consider this a formation of wave 4 to complete within the channel itself.
Still within the triangle wait for breakout to buy
After breaking off the wadges i will see a a b c pattern formation to the downside. If price reverse and break the dotted blue like i will consider another patten formation. Until then take care and happy trading.
If price to break below the recent trendline im looking for a short. I belive the correction is almost finish which is wave -b.
Possbile up trend still waiting for the wave structure to complete