Here we see a chart very similar to the one I shared with GBPJPY
Price failed to retrace above 50% of the AB leg, which signals a continuation of the trend.
Momentum is already diverging with price
We could potentially be looking at a ab=cd, but that is very optimistic
More realistic profit targets would be:
1.348 (38% extension)
1.359 (61% extension)
Completion of ab=cd will be just below 1.377
Thank you for your support, make sure you like the chart and write your comments in the section below
Thank you for reading this analysis
God bless and happy trading
Price failed to retrace above 50% of the AB leg, which signals a continuation of the trend.
Momentum is already diverging with price
We could potentially be looking at a ab=cd, but that is very optimistic
More realistic profit targets would be:
1.348 (38% extension)
1.359 (61% extension)
Completion of ab=cd will be just below 1.377
Thank you for your support, make sure you like the chart and write your comments in the section below
Thank you for reading this analysis
God bless and happy trading
Please wait for the breakout if you are not into speculation. From the breakout we are set for a minimum 80 and 200 pips profit target.
Happy trading and God bless