There is a decent probability that the 5-wave move up from January low has topped in April. From there, we can see an A and a B forming, with the B seemingly topping exactly in the area we want to see it top in (between F 61.8% & M 71.4%), and from there, a drop has reached more than 120 pips so far.
We do not expect this current drop to stop before reaching at least 1.1040 in the coming days or very few weeks, but our favorite target for this drop is 1.0912. From there, and after another analysis effort at the time, we may decide to buy, and hold, for hundreds of pips!
For questions about this analysis you can contact us anytime!
We do not expect this current drop to stop before reaching at least 1.1040 in the coming days or very few weeks, but our favorite target for this drop is 1.0912. From there, and after another analysis effort at the time, we may decide to buy, and hold, for hundreds of pips!
For questions about this analysis you can contact us anytime!
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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.