With Interest rate announcement tomorrow I've analysed this pair. My conclusion is that we have a 5 wave structure down and at this point favour a long entry on announcement . will update as price action develops...
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5 of 5 also has potential to extend so waiting for tomorrow...
Kommentera:
Price has hit the second extension point but has done it aggressively. Not normal if this is meant to be a wave 5. possibility this is a sub wave 3 within the 5th extension as labelled. Im waiting for confirmation that price has bottom before taking position.....
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