This pair appears to be nearing or has already finished a sequence to the upside that may finalize an upward double correction. We'll use the grey trend line break to determine a short term top is in place then consider short trades back down towards .69. So this is a break out trade and risk can be set just above the swing high.
Longer term charts (not shown) house a meaningful wave relationship support near .6830. Therefore, just look to take a slice out of this market.
Longer term charts (not shown) house a meaningful wave relationship support near .6830. Therefore, just look to take a slice out of this market.
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www.seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress