EURUSD 12 HOUR BULL (INTERMEDIATE DEGREE ALTERNATE 1)
Hi all,
Some adjustments were made to this count (refer to related idea), namely with wave C blue.
As expected the down move occurred, completing wave D blue of the possible triangle formation as a simple zig zag labelled at minute degree pink. The brexit motivated shorts found support at 61.8% retracement of wave c.
Fundamentally, this technical analysis for long bias is supported by the possibility of QE expansions and further interest rate cuts
_________
Invalidation = 1.09000
Some adjustments were made to this count (refer to related idea), namely with wave C blue.
As expected the down move occurred, completing wave D blue of the possible triangle formation as a simple zig zag labelled at minute degree pink. The brexit motivated shorts found support at 61.8% retracement of wave c.
Fundamentally, this technical analysis for long bias is supported by the possibility of QE expansions and further interest rate cuts
_________
Invalidation = 1.09000
