Looking at the Dollar Index gaining strength...therefore bears are still in control, hoping price to reach level 1.078
here is what i think will happen....a 5th wave is to take place
HERE IS WHAT I AM EXPECTING TO HAPPEN, a wave c complete
BEARS will be taking over around that level....to complete ABC correction
I still believe that this pair is still heading to fill the gap
As we see, price is at a support and resistance zone, there is a bearish rejection candlestick printed at the zone, and a complete ABC correction. therefore I am expecting price to go short or retrace to Fib level 50 and/ 61.8 of the ABC correction.
My other Expectation...
here is what i am expecting this coming week....
Depending on the close of the daily candlestick here is what i am expecting to see happen
Here is what i Think will happen; There is a Gap that was left unfilled between 21 - 24 April 2017 There is a Pink Zone (support and resistance) that has not been easy towards price, and the previous week closed with a rejection daily candlestick printed at The Pink Zone. Therefore, I think Bears still need to fill the forgetten Gap. On the other hand, if price...
... I am waiting for price to pullback to fib level 38.2% and or 50%, test the trendline, and i will be ready to go long...lets see what i gives us
let's see what it will do... hoping for a reversal at FE 100
What i am hoping to see is a rejection around the FE 100 zone, a pullback to the FIB 50 / 61.8, trendline test and bulls should takeover
I am expecting a pullback to previous resistance turning it to support. i will be waiting to enter with a long position at support and resistance level.