Time frame: (1H) Short Target: 1.88073 Current Resistance: 1.87044 With the recent move out of the consolidation zone, the resistance of 1.87044 is now the support line. My expected TP of wave #3 was originally 1.89747, however with the strong resistance @1.89538, the market has failed to break this zone on 7 different attempts. So i'm going to make the...
Timeframe: (4H) Long Target: 1.20034 Current Support: 1.17687 With confirmation that my previous weekly wave count being wrong, and a new low @1.6701, I will treat this possibly as a 5 count impulse wave with the start of wave 3. re-test just confirmed @1.7687. If my wave pattern is correct, wave 3 will continue to 1.20034 at 161.8%. Expecting a huge...
Timeframe: (Week) Short Target: 1.08116 Current Resistance: 1.18815 5 count impulse wave up possibly finished. Small chance of another re-test @1.20921. If my wave pattern is correct, wave 3 will continue to 1.4447 as 61.8 correction. TP #1 @1.16702 TP #2 @1.14447 TP #3 @1.12917 Long term possibility for 1.08116
2 options - Retracement will continue to 1.7849 or 1.7658. Strong possibility of a Opening gap on Sunday at 1.7658. With the strong bullish move on Friday we will continue to see more bullish movement due to the preparation of a possible war with North Korea and continue to see movement towards TP @1.20440. After the continued short to 1.7849 or 1.7658, we see...