maybe blue (w)-(x)-(y), maybe red (a)-(b)-(c) flat, or maybe it's already at the early stage of wave {iii}
the big picture is still not very clear maybe a green flat before another larger degree impulse maybe a pink ending diagonal maybe blue 5-wave impulse
maybe trade for a wave (c) if it happens
looks like a nice potential bullish flag for at least another wave up. Will trade for the upside if price give more bullish indication in the lower time frame.
looks like this pair could give a final push to the upside after the triangle 4th wave
I guess short after pullback could be a good idea
If the rally since mid-May this year is the first impulse to the upside, I would expect at least a 3-wave correction to follow before another impulsive rally if this rally is a larger degree C wave, I would expect the future decline be one degree higher Either way, i think the upside space is limited at least for the next few weeks
Expecting another wave (C) decline to unfold once C of (B) is done
3 wave down then 3 wave up? another 3 wave down to follow?
There are bullish structures for this pair, but if it reverse to the downside sharply, I may consider the possibility of this triangle
Great Bullish potential on Weekly Chart, but the short term structure not very bullish, looks like an expanded flat could be underway
If this is a bullish 5-waves sequence, we shall see another impulsive rally after the correction
will short for at least one wave down if a bearish flag is given