We have completed our 5 wave cycle for his pair and looking to reach between 1.08000 area for a correctional ABC wave. We have very good support here which lasted all throughout 2016 and started in 2015. If the support cannot back our correctional wave period then it is likely that there is deep bearish momentum in this pair and a brake below the support will drive it down to a plunge. Im looking forward to seeing what happens as I have already placed my trade for the long side.
If you are a bit more cautious then you may want to consider that you buy the pair at the close above the trend line.
Opinions are welcome.
Happy Trading
If you are a bit more cautious then you may want to consider that you buy the pair at the close above the trend line.
Opinions are welcome.
Happy Trading