Coming in close to the end of the correction. This is what I consider the 4th wave. We can see a breakout level at .225 that price can come back down to retest. This is also where we have confluence with trendlines, and the 61.8 at around .24. In an ideal situation, we can see price shoot to 2.94 in a matter of weeks. We will see how price plays out.
Price heading back to the resistance area for a potential double top. - 5 wave completion at resistance, correction expected Will have some slow movements and consolidation back down to support. Expecting price not to break the neckline, and send this back to higher highs as I'm long term bullish Mostly range trading here. Sell at the top, buy at the bottom.
Found resistance and broke rising trendline. Completed wave 3 of the higher timeframe. Down move into support along with a rising trendline support level. With the strong down move, expecting a swift and quick move to the target area. Long term bullish on the pair so looking for the long entry at that level.
Completed 5 wave on medium term. Impulsive bear move was wave A of correction. AB move back up was the B leg. Now looking for the C correction back into support at the blue line. Expecting a move back up to the highs for a double top, to start the correction on the higher time frame back down to the daily resistance turned to support area.
Price broke out of resistance on the 15 min. Currently retested, and we should see strong movement from here. Tomorrow we important news coming from the EUR, with projections favoring the strength of the EUR. Beginning stages of the 3rd wave. On the higher timeframe, we are in a bullish trend. Price is holding off of the 20ema, and doesn't look like it's slowing ...