Lower lows, beginning of impulse wave identified. Does not look like a corrective pattern. NFA.
I have identified nice point on the Fib Extension, Invalidation level in red as always.
Anyways, I am longing this one once again.
I will be following this space closely.
. Waves/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
. There is a possibility of temporary retracement to suggested support zone (0.7760 to 0.5160). if so, traders can set orders based on Price Action...