A. personally i would only go long if it breaks above 0.7400.
B.overall i am still bearish, the daily candle failed to close above the triangle and the channel. close to MA level, and confluence with some resistance and fib level.
C. i would short till 0.6600 which is an ABCD pattern extension and also a psychological Area and thedistanced of the triangle ...
wait for the breakout. target is the high and low of the triangle in confluence with short 38.2 weekly fib level and long if break above the triangle reaching target 1.27 extention, be patient people, let the market come!
1.Monthly, price should retrace to resistance level in confluence
with 38.2 Corrective wave
2. Daily price looks like a breakout of CTL
and should touch the 1.14000 area again,
if it breaks that level it should reach extension D
which is near level of retracement monthly of 38.2
3. still strongly belief that it will reach the 38.2 level before going further down
on a weekly the candle closed inside the channel where it shows a possibility of going long to 16000, yet on the daily, 4hr 1hr chart it shows a break through of TL retest yet no sign yet of continuation in candle stick for it to reach 15200 yet, what do you guys think???
Two scenarios break retest continuation wait for price action, or it was a fake break out of the trendline, and resuming to make a higher high to extension level
1.Go long after break out of InnerTL for a (corrective wave) the retracement of a Daily Time frame for 400 pips.
2.Go short after the Long has reached target, and wait for PA to confirm the short for 1800 pips, but for safety rather go short after the break out of the channel(Flag) and target the extension which is back to (impulse wave) D and D2
