According to my long term analysis i think this pair is starting a big correction.
Its not late to join this move. Right now price is making a pullback after making a NHL (new structure low).
We can see:
- strong structure as resistance
- 0.50 fib retracement
- Elliott wave 2 or B
- price is testing broken trendline
- convergence on MACD
Potential targets:
- AB=CD (blue line)
- 1.61 fib extension
Best regards
Its not late to join this move. Right now price is making a pullback after making a NHL (new structure low).
We can see:
- strong structure as resistance
- 0.50 fib retracement
- Elliott wave 2 or B
- price is testing broken trendline
- convergence on MACD
Potential targets:
- AB=CD (blue line)
- 1.61 fib extension
Best regards
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.