The pair may fall and undergo a corrective abc as price shows possible sign of weakness on its upward momentum.
A bearish divergence on this hourly timeframe chart analysis maybe/ can be used as an added conviction of this Elliot wave analysis.
#elliotwaveforecast
@marketpainterPH
Hey tradomaniacs,
welcome to a new free trading-setup.
NOTICE: This is meant to be a preparation for you. As always we need to wait for a confirmation!
Market-Sell: 107,190
Stop-Loss: 107,415
Take-Profit: 106,790
Stop-Loss: 22,5 pips
Risk: 1%
Risk-Reward: 1,80
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Peace and good...
