Currently bouncing between two zones identified last week. Looking for a break of current support and retest for entry. Targets plotted per wave up, will fine tune if drop starts.
1.11xx looks like a good first target. 1.108x likely to bounce the price. 1.105x would be extended target (for now).
NOTE: Bear Trap is possible: Where price spikes below support but immediately turns higher to a new high. Thus I like to see a broken support then retested and reject as a safer entry. Goal here is to start small, and add to the position if downtrend resumes.
See some of my other Forex calls below. I also plot Crypto and some Stocks, check my Profile Page.
Of course, I have had total FAILS on some plots also, not going to pretend. But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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Closeup of price action around the zones plotted last week The exact reactions confirm each zone. Lack of reaction reduces confidence in such a zone.
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Drop towards 1st target is under way now
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Progressing towards 1st Target with some momentum now
Zoomed in with a fib added to that last spike up before the real drop the 382 extension should be hit, at $1.11073
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Just got back online to see the target was hit EXACTLY and of course the requisite bounce. Making measurements now to guage the bounce.
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Second target hit exactly That will probably be it to clsoe the week, or maybe not, lets see.
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