Update coming below: It is bearish on the monthly time frame, although the latest bearish trend has NOT broken the daily uptrend. Therefore, it is bearish in the monthly time frame and bullish in the daily time frame.
If we consider the monthly trend (down), the wave 1 of wave (5) has ended at 1.2369 and it is time for a reversal. According to my analysis, it is back to 1.3130 but not above 1.3160.
As always this is just an analysis, not a trading signal. As with other analyses, it may be wrong. Share analytics here to better track trading activity and get feedback from other traders.
If we consider the monthly trend (down), the wave 1 of wave (5) has ended at 1.2369 and it is time for a reversal. According to my analysis, it is back to 1.3130 but not above 1.3160.
As always this is just an analysis, not a trading signal. As with other analyses, it may be wrong. Share analytics here to better track trading activity and get feedback from other traders.
Trade closed: stop reached