I expect a pullback near this level for this reasons:
- previous wave 4 acting as resistance
- strong bearish divergence
- 1.27 fib extension (this usually suggests a wave 5 is complete)
- strong psycholevel 0.7500
The structure here is clearer than the EURUSD, both pairs are correlated so the EURUSD should make a pullback also.
Regards.
- previous wave 4 acting as resistance
- strong bearish divergence
- 1.27 fib extension (this usually suggests a wave 5 is complete)
- strong psycholevel 0.7500
The structure here is clearer than the EURUSD, both pairs are correlated so the EURUSD should make a pullback also.
Regards.
Comment:
first target hit, moving sl to be