Wave c of 2 continues forming within a bearish correction of the higher level. Locally, the third wave iii of (iii) seems to have finished developing, and if the assumption is correct, a fall in the pair to the levels of 1.0914-1.0830 should be expected after correction iv of (iii). Critical for this scenario is the level of 1.1056.
Trading tips
Sell the pair below the level of 1.1056 with the target at 1.0914-1.0830.
Alternative scenario
The breakout and consolidation above the level of 1.1056 would allow the pair to grow to 1.1200.
No comments:
Post a Comment