As you can see the price projections seem to run contrary to the prevailing fundamental factors in the Eurozone. Furthermore, the ETA projection also seems quite close, March 20th.
Times like these puts the entire trading system to test. As a precaution, I also included the Volumes to check if they satisfy the Wolfe wave conditions, which is, key pivot points usually see high volumes. The Blue vertical lines reflect just that, with the only exception of pivot 3 where volume is a bit subdued compared to the rest of the key levels.
Either ways, not to miss out on this, i'm long on a micro lot of 0.01, just to see how this will play out. Stops are a bit tight at 1.28130.
In the event price fails to reverse, i'm looking at a further drop to 1.27 region. In the picture below, the highlighted triangle shows the possible region where Wave 5 will end before we start riding it.
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