Our TP has been reached, I am taking a sell position again with a smaller lot size
I do not have any intention to buy until the price touches the 50% correction at 1.04058
The correction pattern can be vary, but it won't end before reaching that point.
On the chart, the blue scenario is for a simple zigzag (ABC) pattern where B is a completed zigzag (abc), and now we are undergoing wave C.
while the green scenario is a possibility that the correction is a more complex zigzag (ABC) where B is a triangle (abcde), meaning sideways movement will last longer.
I do not have any intention to buy until the price touches the 50% correction at 1.04058
The correction pattern can be vary, but it won't end before reaching that point.
On the chart, the blue scenario is for a simple zigzag (ABC) pattern where B is a completed zigzag (abc), and now we are undergoing wave C.
while the green scenario is a possibility that the correction is a more complex zigzag (ABC) where B is a triangle (abcde), meaning sideways movement will last longer.