Hello traders,
We are looking at a standard WXYXZ pattern, which could be complete now so I would not be very surprised if it starts to correct upwards at this moment.
But, I think it is more likely to keep going down from here to the (0.887-0.89) range before any upwards momentum kicks back in.
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 follow, I will be posting forecasts & trade setups daily.
Thank you,
Good luck
We are looking at a standard WXYXZ pattern, which could be complete now so I would not be very surprised if it starts to correct upwards at this moment.
But, I think it is more likely to keep going down from here to the (0.887-0.89) range before any upwards momentum kicks back in.
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 follow, I will be posting forecasts & trade setups daily.
Thank you,
Good luck
Note
Well it looks like the pattern was in fact complete. Look for a complete reversal and continuation of the up trend or just a bigger flat correction to give us 1 more down move.
Note
And as I said above, 'look for reversal and continuation or just a flat correction for 1 more down. It looks like that is what we are getting.Expect the down move I have shown in the chart to happen soon.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.