In our last analysis we identified that we were in wave 4 correction and were looking for one more move lower.
We successfully remained below the wave 4 invalidation level, making our current scenario valid.
We are expecting price to move lower to 0.013 to complete subwave 5 of wave C.
Trade Idea: - look for shorting opportunities with stops above the wave 4 invalidation level (stops above 0.04) - Target: 0.013 and then taper as we move lower