This is my favorite asset, the uptrend is so solid for my trade and this impulsive could be the 3 of 3 wave
The pair create a Leading Diagonal, usually works at the start of impulsive wave.
Internal structure are 5-3-5-3-5, then a corrective ABC finished at the 0.38.
My small experience give me the target zone of 2.61 of fib retracement (158.5)
This analysis match with the probability of the C wave of the DXY at my previous post.
The invalidation zone are 145ish....
Just in case the price could go far away the big zone is 164 (0.618 of the retracement since '85)
The pair create a Leading Diagonal, usually works at the start of impulsive wave.
Internal structure are 5-3-5-3-5, then a corrective ABC finished at the 0.38.
My small experience give me the target zone of 2.61 of fib retracement (158.5)
This analysis match with the probability of the C wave of the DXY at my previous post.
The invalidation zone are 145ish....
Just in case the price could go far away the big zone is 164 (0.618 of the retracement since '85)
Trade closed: target reached:
first target reached. waiting for a ABC correction
Comment:
last gasp, just a minor position to hold =)
Trade closed: target reached