There is a potential for a completion at point D(Ideally it should complete at 1.618). But am looking for 1.271 move for now.
The price has broken out strongly above 22.00 (B) and the 200-days . Then entered a period of consolidation above the 50-days and that what makes me favor more upside. However, it's dependent on the price ability to take the resistance of the recent sideways consolidation range at 23.65, a breakout above the latter might confirm that scenario.
http://thefxchannel.com/ , visit.. vote and subscribe. Thank you
My best regards
Latest trading ideas: https://www.youtube.com/channel/UC02s7uiUQl55HkhHZDM6eUw/videos
Free Telegram Channel: https://t.me/technician_forex_trades
Trading Signals Redefined: https://thefxchannel.com