📌 KRW for the Yearly Close
This brings into an important consideration for review the long-term KRW chart, the plan chosen by sellers has been able to lure in late unaware buyers at the highs because of the simple nature of the impulse employed. By trapping the highs and aiming for the negative break in the yearly close, it is a very bearish sign.
Moves...
Here we are tracking the highs in USDKRW ... from a technical perspective after clearing the required 1.272% extension in the ABC correction we have started to put in the beginning stages of a 5 wave sequence to the downside.
For the long term highs in Dollar as widely expected the highs are coming and USDKRW is no exception here, protectionism isn't helping...