This pair has been in long term consolidation within a triangular structure, having completed 3 waves.
It may be possible a 5 wave structure will exist in this consolidation.
The present trade consideration is to be long for the 4th wave .
Enter - around the daily 20 MAV
Stop - beneath the triangle support.
Target - point d on triangle resistance at the monthly R2 pivot point.
Risk reward = 3 +
It may be possible a 5 wave structure will exist in this consolidation.
The present trade consideration is to be long for the 4th wave .
Enter - around the daily 20 MAV
Stop - beneath the triangle support.
Target - point d on triangle resistance at the monthly R2 pivot point.
Risk reward = 3 +