As shown on the chart. Justifications are:
1-Minor channel trend 1-5 wave pattern close to completion
2-Price close to top triangle channel line (in red)
3- Overbought at many traditional indicators
Retraction projected up to 11950 levels. Trade your USD pairs accordingly.
This is how 1hr chart looks like. Still room upto 12110, before a possible down turn.
1-Minor channel trend 1-5 wave pattern close to completion
2-Price close to top triangle channel line (in red)
3- Overbought at many traditional indicators
Retraction projected up to 11950 levels. Trade your USD pairs accordingly.
This is how 1hr chart looks like. Still room upto 12110, before a possible down turn.
Comment:
Target reached with pin point accuracy. Check out the 60min chart
