This pair is showing us a pattern, where most would look to go long after the 3rd drive completion. However, as stated in the previous AUDUSD and Silver trades, we here at Six Figure Capital look to trade the third drive. Taking this into consideration, I looked for a second touch on the with a retracement level of 0.618-0.786.
Within this reteacement wave we have a . Albeit taken form the lower high of the impulse eave, however the where we look to enter also aligns perfectly with the channel!