Golden corner pocket
EUR/USD is sitting right on top of the golden pocket giving a low risk long opportunity. Volume has been on the decline during this C Wave, and we have some nice bullish divergences. The parallel channel resistance and then the 0.5 Fibonacci are still going to be tough levels to get through, but technically the signs are there for a reversal, thus I have been building a long position over the last few weeks in this golden pocket. If there is one more Wave to come .786 offers strong support; below that and the long setup is invalidated, but the count at the moment is looking bullish hence my trade position.
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