Traders,
UPDATE: The trade moved very well since I last posted (See related ideas)
The pair had a nice bullish impulse leg, and a corrective move to the downside. Bulls began buying after the correction for a continuation move. The corrective move hit the Fibonacci retracement well, then the bears stepped in. This is likely a 3 wave cyclic move, into the highs of the trading range. I hope you have your own tested trading strategy to have taken advantage of this move.
UPDATE: The trade moved very well since I last posted (See related ideas)
The pair had a nice bullish impulse leg, and a corrective move to the downside. Bulls began buying after the correction for a continuation move. The corrective move hit the Fibonacci retracement well, then the bears stepped in. This is likely a 3 wave cyclic move, into the highs of the trading range. I hope you have your own tested trading strategy to have taken advantage of this move.
