Update: The completion of wave ii from sub-waves and the advent of ascending trend
In the 60-minute chart, by the price, crossing the range of 1.6283 and with 5 ascending waves, we can get the first confirmation for increasing the price, also the corrective phase of this ascending trend has been completed in the range of 1.6159. We are currently hoping for a price increase in wave iii, which can be extend to the range of 1.6500.
The stop loss for this analysis would be 1.6140.
In the 60-minute chart, by the price, crossing the range of 1.6283 and with 5 ascending waves, we can get the first confirmation for increasing the price, also the corrective phase of this ascending trend has been completed in the range of 1.6159. We are currently hoping for a price increase in wave iii, which can be extend to the range of 1.6500.
The stop loss for this analysis would be 1.6140.
