Updated my wave count and have taken into consideration the bigger picture downtrend that was occurring. 
Went short at 1.37419. Aiming for the 200% level for TP level. This will more than likely be the initial S/R for the bottom of Wave 5. Waves 1 and 3 seem to be about equal at the moment, so Wave 5 has the possibility of being extended. Will update.
Went short at 1.37419. Aiming for the 200% level for TP level. This will more than likely be the initial S/R for the bottom of Wave 5. Waves 1 and 3 seem to be about equal at the moment, so Wave 5 has the possibility of being extended. Will update.
Trade closed: target reached
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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.