Hello traders,
In my opinion, it is very likely that the correction is finished for now, and we are looking to retrace back up to the 1.2467 zone. When we arrive there we will see whether or not we consolidate for the bigger up move that will come.
The other scenario is getting rejected hard at the 1.2467 zone and falling back down to complete a WXYXZ pattern which could very likely break the low of end of 2017! However, at this moment we will assume we have completed a standard flat pattern and we are going to turn to the upside until we see signs of the latter.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to like & follow.
Thank you,
Good luck
In my opinion, it is very likely that the correction is finished for now, and we are looking to retrace back up to the 1.2467 zone. When we arrive there we will see whether or not we consolidate for the bigger up move that will come.
The other scenario is getting rejected hard at the 1.2467 zone and falling back down to complete a WXYXZ pattern which could very likely break the low of end of 2017! However, at this moment we will assume we have completed a standard flat pattern and we are going to turn to the upside until we see signs of the latter.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to like & follow.
Thank you,
Good luck
