1. Waves pattern indicated that a possible wave-4 just ended on the FR 50% of wave-3.
2. This followed by a reversal candlestick called “Bullish Engulfing”.
3. The immediate resistance / target will the previous high at 0.665.
Disadvantage - Current price now showing a relatively poor risk:reward ratio (refer to chart).
2. This followed by a reversal candlestick called “Bullish Engulfing”.
3. The immediate resistance / target will the previous high at 0.665.
Disadvantage - Current price now showing a relatively poor risk:reward ratio (refer to chart).