Orange lines, pretty sure will happen Red Lines, Hot, leaning toward this possibility at this time. Teal lines, Cold, dont believe will happen but possible at this time
Comments
FxSaint
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Possibly it can also go to test 1.6000-30 LVL IMO. Either stop loss need to be above that LVL for you or have to let it turn south first & then chase it.
LevRidge
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After reviewing my analysis this weekend, I agree with you... I've been basis for the eur/usd to go higher and that really made me look at this again. Looking at for the 1.62162 level for the GBP as a Max for this leg up.
LevRidge
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hehe, i thought I made the blue line red before snapping this pic... consider blue = red :)