Unless price reverses from current levels (which would mean that we have finished 1st and 2nd leg of a leading diagonal), i will consider 14000 as my next target area... this is where (as i wrote in previous post) C leg would be equal to 61,8% of A leg...
Another more bullish senario would drive the currency pair above 14280, but this is sth I will examine if and when things point that way... For now to keep the bigger bearish picture alive we should either form a leading diagonal, or a 5 impulse wave to 14000... (the expaned flat senario as a 2nd wave from 13500 low is not in my list yet, even though it is likely)...
Another more bullish senario would drive the currency pair above 14280, but this is sth I will examine if and when things point that way... For now to keep the bigger bearish picture alive we should either form a leading diagonal, or a 5 impulse wave to 14000... (the expaned flat senario as a 2nd wave from 13500 low is not in my list yet, even though it is likely)...
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