Further dissection of the EW Count in the lower TF, it looks like it would go for the 50% retrace of wave 3 allowed for wave 4.
So now I am looking at entering a long trade from that 50% level approximately @ 1.4516 - 1.4531 Range.
You will see on the chart that this is based on 3 Fibonacci Based Strategies I am using.
First is the FIB Extention Tool where I consider FE 425 as Potential end of an Impulse wave.
Second is The Potential relationship of Wave C to Wave A . Where Wave C = 1.618 of Wave A.
3rd the Wave 4 retracement of Wave 3 which can be between 38.2 - 50% and even up to 61.8%
Beyond this.... I will have to re assess my wave count.
EG
