good day everyone we have here a long opportunity after the completion of the gartley pattern as per the showing chart target
I have a bearish bias but price might touch 2008/9 highs i don't know yet. Major uptrend and buying shows other wise. If 0.88400 level is broken which hasn't been done yet i would be careful, it did kiss that level yesterday and may be retested. I'll wait till next week but this is definitely on the watch list.
It look like the market searching for a bigger downtrend for the next few days , Bears are pushing harder than Bulls.
Playing off the 61.8% region and the bollinger band.
Oil looking to shoot up now from here, avoid selling now
Trading Journal This is my extrapolation of the pair from the data available on the monthly charts. I have only been studying Elliot wave a short time so this may be utter rubbish. Open to comments or feedback from others.
The divergence between the two central banks of the ECB and Fed still remain with the ECB still in QE and the FED about to raise interest rates. However the Euro is being used for save haven flows at the moment due to its size and will remain so whilst we have uncertain market conditions in China. We still expect the EURO to reach parity against the USD some time...