Last weeks candle looks very bearish as the pair got rejected at 6.67 and closed at 6.54,
making a shooting star candlestick formation in the process.
This could be a significant top as we have completed three legs from 2011 low
and seven legs from 2013 low.
We also find that price is in an interesting area from a Fibonacci stand point.
This correction could go on and grind higher, but I'm currently short against
last weeks high.
A break above 6.85 (wave c of y = 1.618 wave a of y) would give me reason
for reconsideration.
My demo account is now inactive. Stay tuned for my real account.
Disclaimer: www.traderwgun.com/?page_id=26...
Twitter: twitter.com/atliveanner
Tradingview: www.tradingview.com/u/traderWgun/
Mail: traderwgun1@gmail.com
Good luck!
making a shooting star candlestick formation in the process.
This could be a significant top as we have completed three legs from 2011 low
and seven legs from 2013 low.
We also find that price is in an interesting area from a Fibonacci stand point.
This correction could go on and grind higher, but I'm currently short against
last weeks high.
A break above 6.85 (wave c of y = 1.618 wave a of y) would give me reason
for reconsideration.
My demo account is now inactive. Stay tuned for my real account.
Disclaimer: www.traderwgun.com/?page_id=26...
Twitter: twitter.com/atliveanner
Tradingview: www.tradingview.com/u/traderWgun/
Mail: traderwgun1@gmail.com
Good luck!