shiftpark

shiftpark 53 views ・

Price broke out of triangle consolidation and is still below the 1H 21 EMA and 4h 21 EMA which have been very good trend indications. We might find support at 1.111, but if not, 1.106 is a very good target as a 1 to 1 extension of Wave A (25th June - 9th of July)

shiftpark 21 views ・

There are a lot of similarities between this move up and the last one, in June. I believe price might make one more move up, but regardless, the destination is down, either at 1.81700 or, even better, at 1.76950 which is a 1:1 extension of the last move down and also the low of 2013. Good luck!