I am still looking for short position in this pair.
Wave count show that movement from 0.80745 looks like a impulse wave (this count in related ideas) and have ended.
Now the pair are doing a correction wave: now it is looking like a zigzag (I will show a detail structure I will show at 30M chart later in comments).
In typical retracement for wave 2 it is a 61.8% - that almost complete.
If this count right, than the pair will fall down in wave 3 with first target at 0.73153 = wave 1 x 1.618%
Also, I this this falling will run until the 12th on May (in this period of time will be end H4 cycle)
For altcount this pair may falldown to the area of support leve (0.750 - 0.755)
Wave count show that movement from 0.80745 looks like a impulse wave (this count in related ideas) and have ended.
Now the pair are doing a correction wave: now it is looking like a zigzag (I will show a detail structure I will show at 30M chart later in comments).
In typical retracement for wave 2 it is a 61.8% - that almost complete.
If this count right, than the pair will fall down in wave 3 with first target at 0.73153 = wave 1 x 1.618%
Also, I this this falling will run until the 12th on May (in this period of time will be end H4 cycle)
For altcount this pair may falldown to the area of support leve (0.750 - 0.755)
