Erratic price action finally break above triangle and rise to new high
This may be the last wave as breakout after a triangle is the last wave up.
However, this does not imply one can short usd now.
Wait for price to show a strong reversal down, ideally a shooting star following by a stronger wave down. This will then have a higher probability that the top is in, at least for the short term.
This may be the last wave as breakout after a triangle is the last wave up.
However, this does not imply one can short usd now.
Wait for price to show a strong reversal down, ideally a shooting star following by a stronger wave down. This will then have a higher probability that the top is in, at least for the short term.
Comment:
Price did not close down strongly and still grinding higher, as long 102.43 critical support for bulls is intact, usd can still go higher, much higher, 105.7 being long term resistant