Main scenario: consider long positions from corrections above the level of 1.3436 with a target of 1.3975 – 1.4300.
Alternative scenario: breakout and consolidation below the level of 1.3436 will allow the pair to continue declining to the levels of 1.3260 – 1.3030.
Analysis: the fifth wave of larger degree 5 is presumably developing on the daily chart, with wave (3) of 5 forming as its part. The third wave 3 of (3) continues unfolding on the H4 chart, with wave iii of 3 formed and a local correction completed as wave iv of 3. Apparently, wave v of 3... Read full author’s opinion and review in blog of #LiteFinance
What's Your Reaction?