The pair is at a crucial point from what I have studied.
1. On the verge of braking a monthly trend.
2. On the verge of braking weekly support.
3. Completion of 5 waves, perhaps the C Correction wave maybe part of a 3rd wave of a new sequence?
4. Momentum on MACD looking bearish
Short @ 1.44467
Target @ 1.39867 (~450 Points)
Stop @ 1.45446 (100 Points)
Any views? Recommendations?
1. On the verge of braking a monthly trend.
2. On the verge of braking weekly support.
3. Completion of 5 waves, perhaps the C Correction wave maybe part of a 3rd wave of a new sequence?
4. Momentum on MACD looking bearish
Short @ 1.44467
Target @ 1.39867 (~450 Points)
Stop @ 1.45446 (100 Points)
Any views? Recommendations?
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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.