Price bounced from 1.28 area and retesting 1.29 area and trend line. Clear 5 waves down so could see 3 back up to .50-gz area at 1.30-1.305. if 1.29 is respected then double bottom at 128ish before breaking to downside targeting 127.5, 127, 126.5 and ultimatly 1.26. IF 128.5 support is respected, upside is expected before the bigger push down for LL. Currently price is in gz of previous push down though so we could see bears target their levels before bulls can take over
Commentaire:
Price broke trend and retested 129 perfectly. upside targets smashed and in gz for larger trend sells. Personally i see more upside to maybe the .78fib before bigger push down
Commentaire:
price respected the 50 and targeted 1.33 area after smashing 1.32 and attempting a run at 1.34. look for restest and more upside to 1.36 eventually. Bearish if a break of support at 1.32 and 1.305