D1 - False break followed by higher highs, continuing bearish divergence (no PNP divergence yet).
We might see new highs with the price reaching 160.70 magnet zone but before that we might see a double wave correction.
H4 - We have first leg and it looks like a corrections is happening now. once the double wave completes itself in the 100 or 161.8 fibo level, we can go long with the breakout of the most recent trend line.
H1- We have double wave up and once we get a breakout of the uptrend line, we can look for sells.
If you want to be conservative then follow double trend line breakout principle.
We might see new highs with the price reaching 160.70 magnet zone but before that we might see a double wave correction.
H4 - We have first leg and it looks like a corrections is happening now. once the double wave completes itself in the 100 or 161.8 fibo level, we can go long with the breakout of the most recent trend line.
H1- We have double wave up and once we get a breakout of the uptrend line, we can look for sells.
If you want to be conservative then follow double trend line breakout principle.