By: Fadi Steitie
Trend Expected Direction: Channel Up
Method: Elliott Waves and Fibonacci Trading.
Description: Getting into some details here, trend now is within the last wave (D) and going into its final (E) targeting 1.66550. Anyways with today chart, I do see an expanded flat going into wave II at approximate 1.56480 or at 1.618 Fib level with a
falling diagonal ended with zigzag (e) (Shown in Green). However, I am a Bullish now with a stop lose at 1.54500 and open target waiting for the pattern to get completed.
Action: Hold Long
Target Area: Open
Stop Loss: 1.54500 For now.