Hey traders, as you can see I'm pretty stuck in the middle of a dilemma here. I do believe that this trade is going to continue the trends impulse waves, the trend may move towards the 5th wave to max the movements potential. However the point of where the trend may bounce back could be a sign of reversal. I have set up the same target in addition to a more longer term target, as I believe once the reversal occurs the market may trigger off consistent corrective waves. Therefore long short term, short long term.
Current point: 1.2887
Potential target: 1.1323
Current point: 1.2887
Potential target: 1.1323
Trade active:
Opening point: 13249