US Dollar is completing an impulse wave C down from the 28 Sep 22 high, on its final leg wave 5 towards a lower low near the 96.00s
Completing the wave b of large correction (iv) to a higher high
On track and setting up for long-term gains in a couple of weeks time on a wave v of (5).
Moving down on the impulse wave (v) of (c) towards a lower low.
The multi-months final retracement is in progress in the form of a zig zag wave v of the expanding wedge C for the completion of the larger wave (2)
A multi-months correction is in progress retracing the 5 months advance of a wave
With every wave accountable for on the whole track, setup for the last leg of trend resuming down, target new low.
Minor correction (iv) is nearly complete and getting ready to resume trend down. Setup for shorts (trend following) near 1295 for new low.
Approaching entry zone for shorts Trade Plan: Short at the entry zone near 1890s with an initial stop loss at top of wave {ii}, target a lower low, for a risk/reward > 25.
Looking at resuming up trend of wave b from 22 June low, completing wave (c) of b. Expecting new high towards end of March
A medium term long setup towards a higher high in January next year with a potential risk/reward ratio of 10
Setting up medium-term with specific entry & target area and tight stop loss for min. risk - R/R > 19