Currently on sharp correction from bottom of channel. If corrective pattern forms, price could continue bullish. If the correction continues to inner trendline (orange) price could reverse before another impulse up. Not strong bullish candles in this wave..so price could reverse at any point. Overall I expect price to move lower(around 1.00) then rise top of the pattern (green) during 2017 (1.14--1.15)
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Price has moved as predicted....now the move down will be a great trade...hope you are in...if not...wait for a pullback...
CATCH THE WAVE....AND RIDE IT!!!
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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.