Here is my view about the future moves this pair will make. I am in the sell already and after target is reached, will look for a buy setup as shown in the chart.
Please remember: you should only trade these structures if you understand them well and have a well tested strategy you can use for money and trade management. Otherwise you will loose money.
Giao dịch bắt đầu
If it takes us out it means that it will go for a 3rd impulse up completing a 5 wave structure instead of a 3 wave one which I presumed. Anyway, if stop will be hit, I will be looking to reenter at the reversal at the completion point of the 5 wave impulse. I wiil update it when it will happen.