Wave 5 could be an ending diagonal
If insufficient power to breakthrough the upper trendline, the correction will continue. Entry order made. trade cautiously...
A bit more choppiness before we get to a decision point. Trade with caution..
After a flat abc we had a smaller impulse... could this be a wave 1 of a bigger impulse?
The bearish trend is weakening but price might attempt to challenge the bottom of the channel once more before bulls take over.
We have a starting diagonal but I'm afraid it will have a deep correction before going up.
After the short retracement down that took out my SL, the market gives us an opportunity to recover loss. Up to the end of the week, we can expect trending prices.
The chart tells the story of a very typical zigzag.
After prematurely shorting this pair, this could be the true breakdown.
After closing my short position trading the expanded flat, price is now getting ready to reach a 1.27 fibo for wave 5
Closed my previous long position for a small profit +125 pips.
Expecting another last impulse before correction.