POTENTIAL REVERSAL TO THE UPSIDE
As the week kicked in on Monday and Tuesday with a continuation to the downside from 93.312 to 90.435 levels of which the whole move was again corrected by the market from Wednesday to Thursday from 90.435 to 92.943 with the peak being at 3.515 before the market closed Bearish again on Friday at 91.548.
My view on the pair long-term is that we still have a large potential for the pair to continue it's move to the downside, but short-term I'll be anticipating to see a one more move to the upside finishing the sub-wave C of wave B.
It is after this that I will observe to see if the market will give any reversal signal to go/continue with shorts again.
My view on the pair long-term is that we still have a large potential for the pair to continue it's move to the downside, but short-term I'll be anticipating to see a one more move to the upside finishing the sub-wave C of wave B.
It is after this that I will observe to see if the market will give any reversal signal to go/continue with shorts again.