Here are a few small things to look out for .
As of now it looks like we have reached the bottom if we do by any chance close below the current low then my bottom Target is 7,69
I have indicated a small triangle at the bottom as we could have 2 situations here we can either retrace once more and complete the abcde
but if we close above the top triangle line then...
This Pair has a good possibility to hit the 18,90 area and then break down .
I have a EW Count the Should confirm this and a Possible Wolf Wave as well .
Trade your own plan and trade what you see .
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Even though i anticipated that Price should continue Higher i am focusing on a correction to the downside based on the Weekly Chart .
There is a clear Negative (Control Candle ) ''Early Bearish Engulfing Candle "' alerting that we should switch our attention to the down trend .
Look left and see every time Price...
Here we have a good possibility to pick a few Pips .
As per the Zig Zag Elliott Wave Rules i see a possible a,b,c Wave re testing that low so that will be a perfect Buy with a very good Low Risk Trade and then Targeting that bigger A,B,C Corrective wave .
I will post a few more Charts after this of how Price has behaved on this Wave Analysis as to where we are now.
Clearly we can see 2 Waves within one and an Elliott Wave(EW) Count Completion of waves 5-3-5-3-5 .
There is also possible Target's marked for future projections .
We have also completed an A,B,C (EW) and as for now all signs are Bearish.