Nice to be back from vacation, Had a great time in Portugal. Nice weather, good food and drinks it just couldn't be better. Hope you are all well!Lets start up slow and easy (just as the markets have been while I have been away).
The above count in EUR/USD is my preferred count. We are currently tracing out wave 2, which ideally will reach the red box before turning down in wave 3.
Looking at the internal structure of wave 2 the ideal target for wave c of 2 would be near 129.38, where wave c would be 1.618 times longer than wave a. That would also be very close to the 50% retracement of wave 1, which comes in at 129.58.
Stay truned for wave 3 down.
Hi, thanks for this.
ReplyDeleteGlad you had a good holiday - probably a good time not to be trading - it's been wild week or two! :)
Any thoughts on AUD/USD?