UAHUSD
Updated
Ukrainian hryvnia demonstrated big gains against USD from late January to mid march.
Surge was very fast. the fastest since UAHUSD recovered from biggest fall in early 2015.
So I appreciate it as an active wave.
I expect UAHUSD to resume its uptrend after this correction is completed.
Surge was very fast. the fastest since UAHUSD recovered from biggest fall in early 2015.
So I appreciate it as an active wave.
I expect UAHUSD to resume its uptrend after this correction is completed.
Note
It might be the ending of correction.But I suggest to wait for some kind of confirmation.
Trade closed manually
Last year UAH went down much more than I expected.However, it did not break the low and pattern survived, subsequent rise appeared to be slow.
That's why I assume that UAH will not surge in near future, although formed pattern looks like diagonal, which may be a 1st wave in bigger wave structure of upside trend.
Note
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