Nearing the end of the second complete Elliott Wave on this pair (at least IMHO). Previous waves showed tell-tale divergence at the 5th wave. There is a possibility of this actually becoming a 3rd wave. But if the past is indicative, it's more likely the C leg of a corrective structure, we'll have to wait and see. I'm looking to enter this trade on a bearish candle pattern inside the PRZ. My PT will be at the harmonic AB=CD(0.81500) which also happens to be the bottom of the Ichimoku Kumo(cloud). I'm new to Elliott and trading in general, so any feedback would be greatly appreciated.
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Wow!!! That was ugly.
Initial target .83488
Stop loss just above swing high.
G/L