for this elliot wave and price action analysis, the price seems to look for wave C and wave d triangle in higher degree.
if we look at the correction on the chart, the 3 wave pattern yet still to be complete, i think the price will find the wave c minor degree, before it heads down to the wave C and wave d in higher degree.
the fibonaci confluence of 61.8 and support resistance are will be the clue for me to go short for this pair.
target 1 will be 1.1005, while target 2 will be 1.1000.
good luck!!
if we look at the correction on the chart, the 3 wave pattern yet still to be complete, i think the price will find the wave c minor degree, before it heads down to the wave C and wave d in higher degree.
the fibonaci confluence of 61.8 and support resistance are will be the clue for me to go short for this pair.
target 1 will be 1.1005, while target 2 will be 1.1000.
good luck!!
