gbpusd is going to fall to 1.13 area(that is 1.618 % fib extension of wave one (from 1.718 ---1.4534,,,a typical wave 3 runs min 1.618% then a pull back to 1.3 area (.382% fib of entire wave 3 is expected then a 5th and final wave will take pound to below .97 yes pound is the weakest among all other pairs ,,,similarly usdcad euro all going to get crushed by dollar strenthening .Dollar index is heading to 103(currently abtt 96.5) oil is likely to hit 55$ to 57 then crushed towards 10 $
It depends on the market structure
can someone please explain what is a level 4 signal?
Many Thanks!
euro will go par or even lower to usd