I think we finished a large ABCDE Triangle at 0.8655
This move higher therefore should be wave 1 of an impulsive wave.
We are nearing it's termination point as we can count 4 waves already and making wave ((v)) as an ending diagonal it seems.
This means, once this larger wave 1 ends, we will see price pullback in a 3waves move lower, ideally to the 0.618 Retracement level before going up higher for wave 3.
Trade Setup :
* Entry : Pending around 0.8759 - 0.8713
* Stop : 0.8654
* Target 1: 0.9024
* Target 2 : 0.9098
* Target 3 : 0.9190
This move higher therefore should be wave 1 of an impulsive wave.
We are nearing it's termination point as we can count 4 waves already and making wave ((v)) as an ending diagonal it seems.
This means, once this larger wave 1 ends, we will see price pullback in a 3waves move lower, ideally to the 0.618 Retracement level before going up higher for wave 3.
Trade Setup :
* Entry : Pending around 0.8759 - 0.8713
* Stop : 0.8654
* Target 1: 0.9024
* Target 2 : 0.9098
* Target 3 : 0.9190
Note
This alernate count suggests we are in wave B of an Expanded Flat, meaning we will see one more push lower before going up.Notice, consider a new entry zone as price might turn at/before 0.8810.
Note
Weekly countNote
Daily countNote
The alternate count is invalid as price moved to much to the upside.Note
Opening long position 
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Related publications
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.