Oversold RSI on 4h plus clean looking EW count suggests we may have finished a small degree iii wave and now due for a small bounce in iv to around 1.21 where potential for short set up (stop 1.2215) for a wave v lower into 1.1850 zone in coming days.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.