I think it's correcting for the 5th wave down. Can grab more than 200 pips if we make the right entry.
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It's going as expected. Good time now to sell at 1.6600 to bucket more pips.
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I shorted at 1.6600 (first position) and then shorted at 1.6625 (second position).
Planning to close the positions at 1.6530 as we can expect another wave up to complete ABC pattern before an impulse down to the 1.6330 level.
Planning to close the positions at 1.6530 as we can expect another wave up to complete ABC pattern before an impulse down to the 1.6330 level.
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Closed the trade for now (reached 1.6530) as there is a chance of it making C wave up considering the B wave was not impulsive.