I am leaning towards the alternate count presented earlier as we have yet to achieve our target of below 1.3300. Unless it happens by today or tomorrow it is quite possible that the bulls will regain control and the pair goes into a 3rd wave the opposite way. We shall see. Did you like this? Share it:Tweet
I am presenting two possible wavecounts today. The primary being a continuation of the downtrend presented earlier. Based on this …Read the Rest
If our expectations are correct then today’s move up should find resistance near 1.3650-3670 before resuming the move down in …Read the Rest
Could this be the renewal of the downtrend? Here is a possible wavecount of the recent move down, W.1 circle …Read the Rest
There is a possible test of recent highs near 1.6160 so look to sell rallies near there. The next decline …Read the Rest
Nothing much to add here. I am monitoring an alternate bearish wavecount considering the lengthy sideways actions we have seen …Read the Rest
Remarkably we have seen the gains in this pair last week cancelled out in one day. We are back in …Read the Rest
Expect a final move upwards to complete W.c of (ii). Support around 1.0640-0650 should hold for a test of 1.08xx. …Read the Rest
Not much change except for a possible ending diagonal in W.C circle of W.B. Allow for a slight push higher …Read the Rest
Still waiting for the top on this pair. Although many have probably switched to the bullish camp, it is hard …Read the Rest
Working on our Alternate 2 scenario we should see the pair weakening towards 1.3800 initially before breaking support towards our …Read the Rest
