wave one

Dollar bounced off 8860 (old resistance).

Looks to have come off the high (9221) in five waves, which indicates the future trend will be down.

For now I think we may get a retrace to the 50% - 61,8% level, which will be a good short set up. So around the 9040-9080 level.

I have jumped the gun here a little and covered my shorts and gone long at 8875