We're in wave C of micro wave 4, that is the correction wave of wave 4 which contains three waves (ABC correction waves) based on my previous post. Price gave us an impulse move down to 103.1730 level and corrected. As for now, am anticipating that price will continue its movement to the down side after the wave B completion.
However, price made a correction up to 78.6% fib level from the previous 4H high to the previous 4H low. Therefore, we accept its as one of the confluences that price has reached exhaustion point. For a safe entry, look for break of that red trendline and a pullback, then you can enter. Target will be 101.8320 level, that will be over 3000 pips down. Let's see how the market will play out this week. Stay blessed...
However, price made a correction up to 78.6% fib level from the previous 4H high to the previous 4H low. Therefore, we accept its as one of the confluences that price has reached exhaustion point. For a safe entry, look for break of that red trendline and a pullback, then you can enter. Target will be 101.8320 level, that will be over 3000 pips down. Let's see how the market will play out this week. Stay blessed...
