I believe Wave 2 has ended, and we might be at the start of Wave 3 if the support at 103.33 is broken. The moving averages are showing a moderate short-term downtrend, but we need to wait for confirmation before considering a bearish scenario for USD.
It's crucial to understand the importance of confirmation in our trading. When you see a specific level marked with a yellow star on the chart, it means one thing: we're waiting for confirmation. This ensures that the 4-hour candle closes with strong momentum before we take any action.
Patience is key—let's wait for the right signal!