The chart shows my working count for the last few months’ movement. As you know I look at the fall started from 1.4718 as wave B and once it is over, I would expect a very strong rise with potential target 1.5000. My wave count for the said wave B is shown on the chart and upon it there is a potential end of wave B and beginning of wave C for a high above 1.4718. A confirmation for the presented scenario will be break above 1.3327. A key short term support is today’s low 1.2874. With an eye on the potential for a big move up I stay on my Friday’s long position
Trading strategy: 08:08 EST; 14:08 GMT
Long position from 1.2804, move the stop loss from 1.2810 to 1.2870, target - open
This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.