Long to D based on week ending shorts covering.
Flip the trade at the 0.886XA short to lower targets in the 1.2770/80 region for a larger harmonic still playing out.
Note: Harmonics do not always reach desired targets so scale out at take profits. More importantly, US data shift could have been enough to initiate excessive dollar buying into covering; meaning the perfect downside targets may not be hit and we could have begun the reversal.
Flip the trade at the 0.886XA short to lower targets in the 1.2770/80 region for a larger harmonic still playing out.
Note: Harmonics do not always reach desired targets so scale out at take profits. More importantly, US data shift could have been enough to initiate excessive dollar buying into covering; meaning the perfect downside targets may not be hit and we could have begun the reversal.