Hi guys, welcome to a new trading week. I have been looking at Cable. Loos like the correction that controlled last week will continue this week despite the intermediate trend points upside. I think, once this correction is over price has a strong possibilities of resuming upside. A 3-wave correction to 1.275-1.28 is expected. I recommend buying at this zone with...
Wave 4 correcting Wave 3 has completed. Onward with Wave 5. Sub-waves will advance and correct as progress continues. Sub-wave (5) of 5 of 1 of 1 of 5 is in process. The correction of (5) of 5 of 1 to mark wave 2 provides an opportunity to add or initiate positions at lower risk for traders and Hodlers who missed the corrective Wave C of Wave 4 low and the motive...
We are in what looks like the C wave of a 4th wave zigzag. Expecting prices to rally to around 1.354 where we have the a combination of Fibonacci expansion and retracement levels. 1.354 is also a strong resistance level and we can expect to see sellers re-entering the market at this level
EURAUD is at the weekly 50.0 Fibonacci retracement level for the downswing starting from the 2015 high. We have two potential trades, we have a sell to around 1.470 and we have a potential buy at around 1.465.