The weekly level runs directly through a close-to-perfect . Upon closer inspection, there is also in the making.
The dictates that we should sell at 0.977, with TP levels at 0.382 and 0.618 respectively In this instance, we will short the pair until the weekly level at 0.955. In an ideal world, we would then buy in until 0.98.
As per usual patterns, the C point can extend to as far as 2.24- one would need to adjust the accordingly. Taking this into consideration, the should not be entered if there is not a signal vandal between the levels of the D point and the X point. Due to the distnce petween these 2, experience tells me that if price extends past 0.988, the isn't gonna happen. So in this curumstance, we should only look for the readjustment of the 5-O .