Contrary to popular belief, all the patterns in the retail community originated from the wave principle, and we currently have a potential sequence towards the max targets of 1.53ish just depending on the order flow of course. I still believe investor psychology moves the markets thus translating that into the prices due to the reactions of traders and investors. I am long this pair long term, but for a trading perspective active. Details in chart. Breakdown will invalidate and we should get a strong sell off if that occurs. CHeers.
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