Lots of volume signals.

A U-turn down is bearish. A high volume churn down makes its own resistance, in combination with the terminal distance, this is an end of wave/wave structure.

The 5 waves down were a Thrust, a W3C (rounded up to a W3F with the LL), and another Thrust.

It was 4 pips shy of the T level, but you must work with a little slippage. There is a trip high at 1.0419, good for a quick 16-pip trade as is.

The 14th hour was the reversal from the momentum low, and the volatility increase resulted in a V shape bottom.

If you still don’t believe in driven thrusts, you just saw two of them back to back, with the knowledge that the pullback from the HH/LL is a continuation trade targeting the cover line.

As a reminder, this happened on the upside.

I don’t just blog, I also trade.

I should align my thinking though to start using real size for sure bets.