I am more interesting on level 8454 (76.8%) fibbo level, there is price cloud composed near 8454 and 8464 area, where 8454 is 76.8% while, 8464 is 61.8% expansion of wave 3. Any short should have 8533 stop loss.

For shorting this pair, I would like to see breakout on daily rising trend line with five wave down.

Below is daily and 240min chart showing my preferred wave count, on which new high near 8454-8464 are is expected.

Let’s wait for opportunity to short.






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