We've been tracking this pair for 2 weeks now and looks like it's finally Breaking out of this choppy correction!
If price goes above 1.3310, the odds of a continuation higher would increase.
If we see a reversal and price goes below invalidation level, then the count is negated.
A move below 1.3210 would be a first indication that we could see new lows!
If price goes above 1.3310, the odds of a continuation higher would increase.
If we see a reversal and price goes below invalidation level, then the count is negated.
A move below 1.3210 would be a first indication that we could see new lows!
Note
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Note
It's possible to count this a bit differently but the idea reamins the same, breakout of this correction points higher Note
Beware, USD falling, this might be a fake out !Note
As expected the fall was fake just to take out some stops. Now we're in a good start for wave 3, which usually is the longest and sharpest move
.
Note
We're correcting in this wave (ii). A break above the upper channel line would increase the odds that bulls are taking over again here.Note
We reached the expected zone but I'm not fully convinced the correction is over. We might be in a combination here. 
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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.