The pair appears to have made a new high on the 4hr time frame. After a new high, we will see a correction. Small sell position If you take a look at the 1hr time frame It failed to make a new high. Both time frames have confirmed that we will be seeing a small correction.
* Taking a look at waves A, B, C on time frame 4 you can see that the upward trend continues overall.
* Looking at time frame 1hr you can see that the second wave did not break for a new high confirming that a small correction can be seen.
We do have strong support zones at 1.24230 and 1.24409
* Taking a look at waves A, B, C on time frame 4 you can see that the upward trend continues overall.
* Looking at time frame 1hr you can see that the second wave did not break for a new high confirming that a small correction can be seen.
We do have strong support zones at 1.24230 and 1.24409