So finally my channel is now broken and i am expecting this decline to resume toward 1.5340-1.5240 area. I am not going to buy this pair right now instead i will wait and look for a opportunity around 1..5340-1.5240 to buy it.
Ok so i've seen this kind of pattern before when i lost alot of money but anyway by looking at this chart i think EUR will make a new low if it breaks that support which is likely becuase most of the people will enter for long positions here just because they think that last time EUR bounced from this point but this time it won't if the statement made by someone...
In this chart i have contrasted 2 ways to count the recent gold's decline. In blue there is the wave count expressed by the EWI, that went open public in a video released the last week. In black is my view of the wave count (I hold from at least since year or so that this decline have a very significant 3)rd wave extension) Both wave counts have the their's weak...
If my wave count is correct, then $FB should start another phase of decline.