The EURO rallied as my previous idea suggested:
But it only managed to complete 3 waves to the upside,
which confirms that this cycle wasn't impulsive.
By the looks of the recent price action, we are in an ending diagonal wave (C).
Alt. count would be a complex correction, but the fibonacci relationships
are not convincing.
A break below 1.3666 would give the bears confidence going foward.
Stay tuned for more updates.
Follow all my demo trades at www.myfxbook.com/mem.../tlkemmy/demo/854232
and follow me on twitter for intra-day updates twitter.com/atliveanner
Good luck!
which confirms that this cycle wasn't impulsive.
By the looks of the recent price action, we are in an ending diagonal wave (C).
Alt. count would be a complex correction, but the fibonacci relationships
are not convincing.
A break below 1.3666 would give the bears confidence going foward.
Stay tuned for more updates.
Follow all my demo trades at www.myfxbook.com/mem.../tlkemmy/demo/854232
and follow me on twitter for intra-day updates twitter.com/atliveanner
Good luck!
