We waited for a correction upside at the beginning of the week after a good dip in the last two weeks.
Price seems to have completed the correction at 50% Fibo retracement.
Though, below our forecast reversal level, price completed a double zigzag correction in form of a channel.
The break below the channel also shows that the bearish move might continue to 0.715 and 0.7.
Price seems to have completed the correction at 50% Fibo retracement.
Though, below our forecast reversal level, price completed a double zigzag correction in form of a channel.
The break below the channel also shows that the bearish move might continue to 0.715 and 0.7.
No comments:
Post a Comment