DiegoRomano1985

DiegoRomano1985

F THE COUNT IS RIGHT THE MOTIVE PHASE (WAVE 1 TO 5) THAT STARTED ON NOVEMBER 4 FINISHED IN JANUARY 6. NOW WE SHOULD BE IN A CORRECTIVE PHASE AND IT WILL BE DIFFICULT TO FORESEE HOW IT WILL FORM BUT THE PRICE COULD RETRACE AT AROUND, 50% OF WAVE 1 TO 5 (AT AROUND 1.20067 / 1.9751) WHICH ALSO MATCH TO THE EXTENSION 0.618 BETWEEN WAVE 5 / A AND B. FOR A POSSIBLE...

DiegoRomano1985 Updated 

after an impulsive push to the upside price formed a corrective triangle and currently holding at 1878.196. Im expecting the price to retrace 50% creating a false breakout down than make another impulsive push to the upside. For a more conservative entry but with the risk of missing the entry , I would wait for the price to retrace to 50% of the initial move...

DiegoRomano1985 Updated 

week not looking good for the pound, as European border close to the uk due to the rise of covid and deadline getting closer for Brexit with a very likely not deal scenario. on the weekly chart it seems as the price reached the end of the 5th wave and a key level 1.35000, scaling down to the 4hr the bearish pressure started on Thursday managed to break the...