(Click at the picture to enlarge)Cable (GBP/USD) still looks more convincing than EUR/USD does. After a perfect 61.8% retracement of red wave i red wave ii should be finished and the powerfull red wave iii should bring us down to at least 159.82 - most likely lower.
Everything seem to line up perfectly here. A perfect fibo-retracement, negative divergence, so all we need is a break below 163.63 that would add confidence to my count and a break below 162.83 would confirm a move down to at least 159.82.
No comments:
Post a Comment