Wave count shows the pair is in a double corrective structure to the upside.
What gives this trade that much more conviction is wave A of Y touched highs but failed to break higher, while retracing deep enough that it cannot be considered a retracement.
The pair may already be bouncing from the 76.4 Fib, but internal structure suggest one more low towards the 88.6 fib @1.6400 before turning bullish to take out highs at 1.6800
What gives this trade that much more conviction is wave A of Y touched highs but failed to break higher, while retracing deep enough that it cannot be considered a retracement.
The pair may already be bouncing from the 76.4 Fib, but internal structure suggest one more low towards the 88.6 fib @1.6400 before turning bullish to take out highs at 1.6800
