predicting some good movement on this pair for the month.
I think I got an equal ABC pattern in creation, my A is fully complete (3 movement abc abc abc),
my B is also done, (5 movement a, 3 very strange b structure but it is a 3, and a 5 wave c,
my C started its movement with a smooth a, a 5 wave structure correction i ii iii iv and my v wave is being created with another 1 2 3 4 5, similar to my c in the B I assume that this 5 of v of b of C will show the same movement and there i will have my b,
my target for this movement is built up on:
1.88.6% Fibonacci retracement from point 0 to point 1,
2. 161.8% expansion for wave B of the correction
3. equal AB BC movement, and,
4. equal ab bc movement of wave C (equal internal structure)
In order to be able to tell whether i will buy from this point for a strong up ward movement i will have to wait for wave C to complete.
my selling entry will be @ around 137.35-65 AND i will have to wait for a completed reversal pattern from that point which for me will be a 5 wave upward movement.
I think I got an equal ABC pattern in creation, my A is fully complete (3 movement abc abc abc),
my B is also done, (5 movement a, 3 very strange b structure but it is a 3, and a 5 wave c,
my C started its movement with a smooth a, a 5 wave structure correction i ii iii iv and my v wave is being created with another 1 2 3 4 5, similar to my c in the B I assume that this 5 of v of b of C will show the same movement and there i will have my b,
my target for this movement is built up on:
1.88.6% Fibonacci retracement from point 0 to point 1,
2. 161.8% expansion for wave B of the correction
3. equal AB BC movement, and,
4. equal ab bc movement of wave C (equal internal structure)
In order to be able to tell whether i will buy from this point for a strong up ward movement i will have to wait for wave C to complete.
my selling entry will be @ around 137.35-65 AND i will have to wait for a completed reversal pattern from that point which for me will be a 5 wave upward movement.