This looks like we have had a clean 5 wave impulse down followed by a 3 wave correction.
I am short from 1.4789 with a stop at 1.4836. Target 1 = 1.4529 Target 2 = 1.4343.
Please also note that the RSI is also turning around from the 60 level.
I am short from 1.4789 with a stop at 1.4836. Target 1 = 1.4529 Target 2 = 1.4343.
Please also note that the RSI is also turning around from the 60 level.
Note
Stop moved to break even
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.