We seem to have reached blue wave 3 in this uptrend movement.
Wave 4 correction is a buying opportunity.
The 50% pullback level (at 0.1362) is where I'll look for reversals in smaller timeframes for long trades.
The 0.22-0.23 zone (in gray), is the next major resistance, and would be a good target for wave 5.
Wave 4 correction is a buying opportunity.
The 50% pullback level (at 0.1362) is where I'll look for reversals in smaller timeframes for long trades.
The 0.22-0.23 zone (in gray), is the next major resistance, and would be a good target for wave 5.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.