(Please click on the chart to see it better)
EUR/GBP:
The break below 0.8286 has forced a short term re-count. The break below 0.8286 tells us, that wave (ii) is not yet done and that we should see a decline closer to important support at 0.8272, but we can't allow a break below 0.8272 as that would force a re-count since the low at 0.8268.
However, the outcome will be, we are very close to an important bottom, which a break above 0.8320 will confirm. Only a break below 0.8250 will force a bigger re-count.
Hi EWS have been playing with USDTRY this week looking like we could have found a top at 2.1948 could you please have a look in 30 min i am looking minor i ii iii iv v but v is longer than iii so alt abc and looking for x at around 2.18 then a good push down to 2.1450. your veiw would be great
ReplyDeleteBest Regards jt
Hi JT,
DeleteI have made a post of my expectations on USD/TRY. I have looked at the 30 min. chart, but think we need one last rally higher towards 2.21 before a top is found.
Kind regards
EWS
Hi EWS,
ReplyDeleteAs you are using an hourly chart, would the level now still make the current count valid? Seeing that we closed below 0.8250 on the hourly but above on daily.
Thanks very much! SP