Whilr stayed above 1.2920 one more minimum is expected before decisive rise.
Price highly probable reversed downward in line with falling grey TW. Green and brown waves are currently available to trade in short positions.
One more grey downward zigzag is maid and getting accomplished soon. No short positions, look for buys only while price stays above 1.2920.
Still short position untill price is below red marker 1.1 At H1 getting ready for short trade of grey TW. M15. Green TW is close to get accomplished. Out of market. M5. Out of market as well.
Here, at H4 we have rising red and blue TWs. The blue one is available to trade long via buy stop at blue marker 1.1 level. Next, H1. I make preliminary assumption blue marker 2.1 is in place. If so, grey TW is rising, thus, it's might be traded via buy stop above grey 1.1 marker. Next, M30. Rising green TW available to trade long. M15. After green marker...
Rising red TW within falling brown TW. Red wave is not available to trade. Ignore. Yet, it is reasonable to expect a rise is continued.
Short setup is close to get completed. So we may sell both at 2.1 and 1.1 brown markers levels. Keep an eye on the opportunity to trade soon for coming weeks.
Falling grey TW (triangle wave) accomplished with falling blue TW. We may trade grey one in short and this what I'm going to do for coming weeks. I expect price re-enter grey DMR-3 prior to drop down. Thus, 1.34-1.36 is my target enter levels for sale.
Falling brown TW within rising green TW. This means brown TW is not available to trade. Ignore. Yet, climbing continues up to brown marker 2.1 is formed.
It is rising green TW (triangle wave) within falling grey TW. It means green wave is not available to trade. Ignore.
Wait for grey 2.3 marker before reversal to the aims below 1.0340. Yet, grey wave is not available for short position since we trade the first two zigzags only within any triangle wave. As you can see all them were passed. Ignore.
Currently trying buy stops for green and brown waves.
Corrective growth is expected for coming hours. A new low is still probable. I wouldn't offer to trade long as it's more reasonable to wait grey upper marker is done to trade short. Yet, today's movement is more likely upward.
Reversal is expected to at least as corrective rise to green DMR-3 OR according to the basic scenario the growth is aimed to achieve 1.3300 and above.
Finish of the decline is so close that I prefer to look for reversal setups from tommorow. Keep in touch and get ready to buy may be from next week.
Further decline means just another leg of green wave. So, I'd prefer to wait grey both markers 1.1 and 2.1 are formed befor start to sell more reasonable. Current drop is limited. Out of the market.
Still expect further corrective growth