We can count 5 waves up, which is an indication of reversal in trend.
The upside potential might be limited though if dollar goes higher, respecting the bullish triangle count (look below and at previous posts).
But in any case, after a pullback we should see one more push higher that we can take advantage of.
Depending on price action we will need to manage the trade accordingly.
The upside potential might be limited though if dollar goes higher, respecting the bullish triangle count (look below and at previous posts).
But in any case, after a pullback we should see one more push higher that we can take advantage of.
Depending on price action we will need to manage the trade accordingly.
Note
Alternate count Note
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Thanks !
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.