Hello friends,
as you can see we have a big bearish W-pattern every lower-low is 50 pips lower which is perfect, price has broken the trendline but has a rising wedge on the point of falling all indicators indicate overbought to be 1st target fibonacci level 61.8 is 325 pips 2nd target next keylevel 1.86500 which amounts to 540 pips.
let me know your opinion,
good luck
as you can see we have a big bearish W-pattern every lower-low is 50 pips lower which is perfect, price has broken the trendline but has a rising wedge on the point of falling all indicators indicate overbought to be 1st target fibonacci level 61.8 is 325 pips 2nd target next keylevel 1.86500 which amounts to 540 pips.
let me know your opinion,
good luck