If you have been following us you have seen this analysis on Monthly frame back in July! the pair respected the demand area precisely and is likely going to continue this bullish movement with few corrections.
-From a classical point of view, the pair respected the weekly/ monthly uptrend and bounced off it, it is likely going to test the old downtrend then continue targeting 1.24
-We can also see the pair completing Elliot Wave 5 at 0.9555 to 0.9600.
With the FED possibly taking a less aggressive rate hike approach we believe that this is the likely movement of the pair in the next couple months. If your account allows it you can go for a long LONG swing!
Love, Lacasafxfamily
-From a classical point of view, the pair respected the weekly/ monthly uptrend and bounced off it, it is likely going to test the old downtrend then continue targeting 1.24
-We can also see the pair completing Elliot Wave 5 at 0.9555 to 0.9600.
With the FED possibly taking a less aggressive rate hike approach we believe that this is the likely movement of the pair in the next couple months. If your account allows it you can go for a long LONG swing!
Love, Lacasafxfamily
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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.