Clearly a strong wave 3 finished circa 24 November. We have No Overlap between waves 4 and 1. High Probability of a New Low in coming weeks. Should we get down to 1.09 i anticipate strong buying interest as this was the case last time we were at that price point.
Comment:
We had a swing high circa 1.1487, and since then 5 waves down can be seen on lower time frames (Possible bullish Wedge 1H). I'm alert for a possible significant bottom occurring Circa NFP. Circa 1.1025 was a Resistance level April/May 2020, and we also have ascending and descending trendlines approximating this area. If executing Longs from whatever Arrows you have in your price action Quiver, Consider the use of a Long Bow.