We can wait for the exit from the corrective channel of wave 2 for wave 3 to rise to the 0.58 area, which can continue.
Currently, in wave 2 of correction, the cycle is lower and therefore has less weight. But in the higher cycle, the floor is confirmed. The corrective wave 2 of the higher cycle can correct up to 23% of the Fibo of the previous wave, which is the range of 1.0078. Therefore, I expect that the bottom of wave 2 will be closed in these areas. The credit level was also...
After the positive reaction to the demand area, this return wave can continue until the supply area.
It is moving according to the daily analysis provided. The diagonal ending pattern is broken and pulling back. The range of 1.062 should be considered for breaking the structure and short position.
The support of 11.79 and waiting for the return until the dynamic trigger, and if confirmed, it will return, entered the short position.
Possible path of movement. In the current region, if it rises to the region of 1.68, it will return with confirmation and enter the short position until the region of 1.02.
According to the previous analysis and the current movement path, it can correct up to the midline of the channel and again have a rising guard up to the top of the channel.
A full cycle has been completed, and after exiting the pattern and pullback, it enters the sell position.
Matic currency is completing a symmetric AB=CD pattern, which seems to be the end of the 2nd corrective wave and can complete the 3rd rising wave trend. The level of invalidity of wave bottom analysis is one
In the 1.37732 range at one timeframe, you enter the shorts to the demand.
Analysis invalidity level: 145.57 Target range of wave 3: 132.795
Scalp 1.089 range for a bearish target of 1.086 in the 5-minute time frame
The pound to yen currency pair is completing a big (B) wave. In the future, we should (C) a bigger corrective wave. Invalidity level 166.20
The level of 0.3369 to 0.3418 is valid as support for the continuation of the pattern.