pack your baggage and let ride on. so the price has been testing this resistance on the 4wave thus the correctional phase, gathering momentum to fall and complete the 5th wave on the cycle
price broke through the 61.8 fib mark and looking to make the day down to the 50% mark on the fib. also price from the highest monthly resistance was rejected and made it correction move after the first impulse move to finish the second 2 correction, then we can resume the 3rd impulse move.
this is all i see waited for the final touches on the fib 50% mark where it is a key support areaa
consider long positions above the level of 1.2503 with a target of 1.3300 – 1.3500 once a correction is formed on the last 3 impulse 3 wave , the 5th wave has just began
so the five-wave move has been completed and waiting for the ABC move to complete the critical support to begin the last 5 waves of the significant wave on the daily chart
so we looked and now we leaping ......there is always a rise after the fall
After the first correction at the beginning of the year price rejected the support @ 1.8403 and bounced off to begin the 2nd wave. after seeing few rejections from last week ceiling broke the 50% FIB retracement it got another rejection and now coming to start to form the beginning of the year low