Well price decided to turn at the 1.6150 level and move north. Price actually bounced off of a mid line on an Andrews pitchfork I have drawn. I believe we have broke out of this wave 3 and are in the first wave of wave 4. I went long at 1.6223 with a market order and placed my stop 50 pips south. My target I adjusted to 1.6270 because I am getting 3 areas of confluence here. This is a 38.2 percent retrace of wave 3 it is also the R1 daily pivot and it intersects with the upper parallel of an Andrews pitchfork I have drawn. If this plays out I will probably be looking for a short at this point. This would also be the end of the A leg and the beginning of the B leg of the wave 4 retrace. I am going with it so let's see where I end up?