Certainly possible scenario although short/medium term I have a slightly different view. Safe trades
Wave-Trader
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@TimStuyts, nice Tim, But you have to understand the weekly as well mate. This is 240.
TimStuyts
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@Wave-Trader, I understand. In my youtube videos (you can simply type in Tim Stuyts and find me) I explain how structure works with help of my professional experience, you will see that the bullish reversal was called by me a few weeks ago, so I'm not disagreeing with you. I'm able to add market dynamic and inter market analysis to my approach to make my timing more accurate. Your weekly chart looks good but it is in its early stage and this is statistically not the highest probability move (pattern) yet. So therefore by looking at 240 you get more context of what to expect short/medium term. Have a good trading week!
OmarNAMOUCHI
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I will be following this paire for 2018 as it represente huge upside opportunity,
Thx for the update,