The larger degree looks pretty good for finishing 5 waves
with a thrust out of a triangle allowing for an aggressive long
opportunity possibly harvesting pips in an a-b-c- corrective move.
{{should this come to pass a Great Selling Opportunity, Too}}
Drilling down it looks like the final 5 of 5 that could bottom
@ 1.0940 or so just slightly above the triangles measured move
@ 1.0925. Possible divergence on the RSI to support this long entry.
Smart stops should go below the last ledge of support. How far is a bit
of a moving target to my eyes.
Perhaps the candlesticks will provide the needed guidance.
~~~~~ 30 minute chart in the comments ~~~~~
with a thrust out of a triangle allowing for an aggressive long
opportunity possibly harvesting pips in an a-b-c- corrective move.
{{should this come to pass a Great Selling Opportunity, Too}}
Drilling down it looks like the final 5 of 5 that could bottom
@ 1.0940 or so just slightly above the triangles measured move
@ 1.0925. Possible divergence on the RSI to support this long entry.
Smart stops should go below the last ledge of support. How far is a bit
of a moving target to my eyes.
Perhaps the candlesticks will provide the needed guidance.
~~~~~ 30 minute chart in the comments ~~~~~