Hello, according to my previous analysys i think this pair is forming an ending diagonal with internal ABC zigzags
Right now the price is forming the last impulse labeled 1-2-3-4-5
We see the price is currently at wave 4 and we should expect a complex correction because wave 2 was a simple zigzag.
Finally we should see one more leg down for wave 5 and then a strong rebound.
I wil try to trade short the wave 5 looking for an entry with small risk (see related idea)
Best regards
Right now the price is forming the last impulse labeled 1-2-3-4-5
We see the price is currently at wave 4 and we should expect a complex correction because wave 2 was a simple zigzag.
Finally we should see one more leg down for wave 5 and then a strong rebound.
I wil try to trade short the wave 5 looking for an entry with small risk (see related idea)
Best regards
