Here we can see the cross has finally starting to turn and a change of trend is occurring after the lows in March. The market has formed a reliable trigger for ending the 5th wave in the sequence as we are breaking through the 38.2% fib.
I am expecting this pair to continue significantly over time to trend higher, this can ultimately be the early stages of an impulsive wave (I will attach previous charts where I indicated this). Confidence for those betting on the topside has increased dramatically after cracking 1.0620, watch closely for follow-throughs here.
Best of luck all those already positioned or looking to build positions on the topside.
I am expecting this pair to continue significantly over time to trend higher, this can ultimately be the early stages of an impulsive wave (I will attach previous charts where I indicated this). Confidence for those betting on the topside has increased dramatically after cracking 1.0620, watch closely for follow-throughs here.
Best of luck all those already positioned or looking to build positions on the topside.
