I expect a big correction to materialize somewhere between now and early next week. If we get an ATH double top, then we should see a sharp dive to the lower 1.40s (purple range). Otherwise, we might land somewhere between lower 1.30s and upper 1.20s (teal range). I recommend that we setup our Buy orders at these two ranges highligted in my chart. Good luck trading!
Comment:
After applying Elliot Wave principles to the chart, there is a high chance that a C wave is impending which would land us around 1.35 - 1.40. If you have your Buy orders set around lower 1.40, then you should be fine.
Order cancelled