On the 4-hour chart the upward correction is developing as a second wave 2 of (5) of the higher level. Locally the wave c of 2 is forming, within which the first wave (i) of c has formed. If the assumption is correct, the pair will grow to the level of 0.7813. The level of 0.7652 is critical for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 0.7652 with a target at 0.7813.
Alternative scenario
The breakdown and the consolidation of the price below the level of 0.7652 will let the pair go down to the levels of 0.7596–0.7573.
Dagangan
Senario
Timeframe Harian Cadangan BUY Mata Kemasukkan 0.7713 Ambil untung 0.7813 Henti-rugi 0.7655 Kunci tahap 0.7573, 0.7596, 0.7652, 0.7813
Senario berbeza
Cadangan SELL STOP Mata Kemasukkan 0.7650 Ambil untung 0.7596, 0.7573 Henti-rugi 0.7705 Kunci tahap 0.7573, 0.7596, 0.7652, 0.7813