My study on this one is that Next Month High (impulse down) is 0.76590.
Until then could be walking around inside this wave, could even go further up some pips, not much, as long as the end of this month is bellow or equal 0.76590
Now, if they want to do this by the traditional way then a 4th wave now will be desirable to at least 0.74574 and then return to 0.76590 with a 5th wave. That's is the path that my gray arrows are suggesting.
There are many ways to to do this, this is just a classic one.
The focus should be always 0.76590 and I think the price will be near but bellow this in the last day of month.
If at the end of this month the price closes above this number or below 0.74420, then this setup is wrong.
Soon I will post the levels of this impulse wave down as they will serve as S/R.
Good luck!
Until then could be walking around inside this wave, could even go further up some pips, not much, as long as the end of this month is bellow or equal 0.76590
Now, if they want to do this by the traditional way then a 4th wave now will be desirable to at least 0.74574 and then return to 0.76590 with a 5th wave. That's is the path that my gray arrows are suggesting.
There are many ways to to do this, this is just a classic one.
The focus should be always 0.76590 and I think the price will be near but bellow this in the last day of month.
If at the end of this month the price closes above this number or below 0.74420, then this setup is wrong.
Soon I will post the levels of this impulse wave down as they will serve as S/R.
Good luck!