Comments on the chart.
Comment:
Nice strong upmove today. Not unexpected as the dollar index fell hard as well. The idea is working out well so far
Comment:
Another strong day today after a wobble this afternoon after good (ish) US data was released and price reversed sharply. Price then turned around and staged a massive rally past 1.2450. As price has gone straight up I will allow for a bit of a retracement on the way to the target shown on the chart
Comment:
Price has more or less hit the previous high just as DXY hit the 88.65 previous low. I dont think the upmove is over but I am watching price closely
Trade closed: target reached:
Price reached target and then threw in a massive reversal candle. Because of this move the expected 5 waves up move has been accomplished but it remains to be seen if this is THE top.