I assume the exchange is building a fractal
sequence a week ago. This theory is contrary to those who see the exchange rate in a downward channel
. In my opinion, the correction sequence is one that shows that the exchange rate is constantly building up the fractal
base needed for the rise. If you look at the "blank squares" in the analysis, you can clearly see that you are making a regular turn. In this case, the exchange rate is at the beginning of the rise. Taking a long position from this level may seem like a good idea.