Short the 4th Wave at the 4th Wave of a Lessor Degree ???
This wave count seems pretty logical - until - you try to figure
the invalidation point - unless it's some sort of Ending Diagonal.
BUT, that doesn't make a whole lot of sense either.
Blue wave 1 seems to be a moving target and blue
wave 4 would enter the price area of wave 1 unless ----
***See daily chart ***
Basically it's a decent EW idea with low risk and I'm still bearish
this pair, so, if it gets to the 137.85 area I'll risk a few pips to
see if I'm wrong.
the invalidation point - unless it's some sort of Ending Diagonal.
BUT, that doesn't make a whole lot of sense either.
Blue wave 1 seems to be a moving target and blue
wave 4 would enter the price area of wave 1 unless ----
***See daily chart ***
Basically it's a decent EW idea with low risk and I'm still bearish
this pair, so, if it gets to the 137.85 area I'll risk a few pips to
see if I'm wrong.