As I posted in the comments section of my monthly chart, this pair is in a potentially very strong downtrend.
We're looking at a complete 5 wave decline, with an apparent 3 part correction, which looks like a zigzag and could be complete.
I suggest watching price action at the open and waiting for confirming price action before taking a new short position.
Good luck,
Ivan.
We're looking at a complete 5 wave decline, with an apparent 3 part correction, which looks like a zigzag and could be complete.
I suggest watching price action at the open and waiting for confirming price action before taking a new short position.
Good luck,
Ivan.
