Hi all,
Structure Analysis -Market is consolidating after a year of punishment, with a double-top indicating desire to make new grounds for structure.
Structure Predictive Analysis - Reasonable to assume that price has bottomed @ 0.7000 which is a relatively strong support level.
Ratio Analysis - XA .78 retracement convergent with AB 1.272 extension.
Harmonic Analysis - Gartley complex retracement. + Point D of Gartley terminates in and around the same area of the termination of AB=CD.
Regards
Laurence
Structure Analysis -Market is consolidating after a year of punishment, with a double-top indicating desire to make new grounds for structure.
Structure Predictive Analysis - Reasonable to assume that price has bottomed @ 0.7000 which is a relatively strong support level.
Ratio Analysis - XA .78 retracement convergent with AB 1.272 extension.
Harmonic Analysis - Gartley complex retracement. + Point D of Gartley terminates in and around the same area of the termination of AB=CD.
Regards
Laurence
Trade closed: stop reached:
Still adamant to go long, despite this loss. The market is definitely exhausted. Will edit chart for other long opportunities shortly.
Regards
Laurence
Regards
Laurence
