I'm starting to build middle term short positon with first target 1.39 guys.
I think we're at the end of 5th wave structure which will finish the 3rd wave from the 5th biggest wave.
The most important thing to remember by 5th and C ( from abc ) waves is that fundamental data and technical analysis are almost always in other directions - if u look back u'll see - strong news for the dollar => dollar falls,weak news for the dollar => dollar is rising and etc.
We're starting to build a new fractal on daily chart which will be about 1 month long.
I'll write again when my position is closed.
Good luck everyone !
I think we're at the end of 5th wave structure which will finish the 3rd wave from the 5th biggest wave.
The most important thing to remember by 5th and C ( from abc ) waves is that fundamental data and technical analysis are almost always in other directions - if u look back u'll see - strong news for the dollar => dollar falls,weak news for the dollar => dollar is rising and etc.
We're starting to build a new fractal on daily chart which will be about 1 month long.
I'll write again when my position is closed.
Good luck everyone !