Main scenario: consider long positions from corrections above the level of 154.37 with a target of 161.50 – 167.00.
Alternative scenario: breakout and consolidation below the level of 154.37 will allow the pair to continue declining to the levels of 151.68 – 146.44.
Analysis: the ascending fifth wave of larger degree (5) of C continues forming on the daily chart, with third wave 3 of (5) unfolding as its part. The first wave of smaller degree i of 3 and corrective second wave ii of 3 are completed on the H4 time frame, and wave iii of 3 continuing forming…. Read full author’s opinion and review in blog of #LiteFinance
+ There are no comments
Add yours