The market has continued to selloff through significant levels and with the breach of 1.12 we have unlocked the lows. From a strictly technical perspective as this is all we will be covering today, the market is trading inside an incomplete ABC sequence from the April 2018 highs. This implies that the market can develop a final leg towards 1.0655.
The nature of this correction should come in three corrective waves, very similar in appearance to the prior sell-off in April through to September. This would complete a multi year correction and re-test the prior range lows at 1.0655.
Best of luck all those trading the flows here.
The nature of this correction should come in three corrective waves, very similar in appearance to the prior sell-off in April through to September. This would complete a multi year correction and re-test the prior range lows at 1.0655.
Best of luck all those trading the flows here.
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Chop! Chop!
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