Hello Traders
Today i'm analyzing same chart as previous one. In this case we are still working on wave 3 of an impulse. Notice how price broke above base Channel upper line and it's heading for retest. If price holds support @ 1.0847 we expect a +140 pips uptrend towards 2.618 fib level @ 1.0991 finalizing wave 3 formation. Also notice the wave Equality on wave 1 and on the higher low where channel was broken, if we project that height to our retest zone it match almost perfect between our fib levels. If you have any ideas feel free to comment on this post and thanks
Today i'm analyzing same chart as previous one. In this case we are still working on wave 3 of an impulse. Notice how price broke above base Channel upper line and it's heading for retest. If price holds support @ 1.0847 we expect a +140 pips uptrend towards 2.618 fib level @ 1.0991 finalizing wave 3 formation. Also notice the wave Equality on wave 1 and on the higher low where channel was broken, if we project that height to our retest zone it match almost perfect between our fib levels. If you have any ideas feel free to comment on this post and thanks