this corrective pattern looks like a double combination. Momentum is shifting from down to upside. i will buy if it breaks above d wave of triangle.
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this pair didn't act as I expected. but now its making a deeper correction. I anticipate another wave to downside for a flat type of correction and then an impulsive wave as wave 5 to upside
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below is another scenario for this pair. structurally it may be in the wave 5 right now. so at this point there is no trade setup, we have to wait and see how price acts on that level.
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although the scenario of one more wave to down for flat is preferable
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Im waiting for this corrective pattern to end to join wave 3 of impulse