Wave (( X )) ended at 1.4610 and short-term wave X is also proposed to be over at 1.4402. Following a bounce in wave (( x )), expect another swing lower toward 1.3951 – 1.3845 area before next 3 wave bounce is seen. We don’t like buying the pair in proposed bounces and favour the short side after bounces in 3, 7 or 11 swings as far as pivot at X high and 1.4610 high remains intact.
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