Hello traders,
We are currently still within the WXYXZ correction pattern until proven otherwise. I don't think it's over and there is no technical reason to believe it is.
I am expecting 1 more down move to 55 zone to complete the pattern before we head back up either to make a bigger correction pattern or to make new highs.
We will have to re-evaluate price action later on to figure out which of the 2 choices is actually going to happen.
Check out some of my other ideas down below.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below.
Don’t forget to like & follow, I will be posting forecasts & trade setups on a regular basis!
Thank you,
Good luck
We are currently still within the WXYXZ correction pattern until proven otherwise. I don't think it's over and there is no technical reason to believe it is.
I am expecting 1 more down move to 55 zone to complete the pattern before we head back up either to make a bigger correction pattern or to make new highs.
We will have to re-evaluate price action later on to figure out which of the 2 choices is actually going to happen.
Check out some of my other ideas down below.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below.
Don’t forget to like & follow, I will be posting forecasts & trade setups on a regular basis!
Thank you,
Good luck
Comment:
We might be heading to the trend line and then get rejected to the downside, refer to previous forecast.
