Correction over? Establishing a new bear trend? EWave analysis
My previous idea suggested we were making an inverted head and shoulders:
We got a strong break to the upside but the stalled just above the 1.10 figure.
This pair is now on the verge of completing a five waves decline, so we should
see more downside as the 1.1033 high remain intact.
This count suggest that we have completed a zigzag, where wave B was a triangle.
I will look to sell three legged corrections below 1.10334.
A break below 1.064 would give reason to believe that a new bearish impulse
is under way.
Follow all my demo trades at www.myfxbook.com/mem.../tlkemmy/demo/854232
and follow me on twitter for intra-day updates twitter.com/atliveanner
Good luck!
We got a strong break to the upside but the stalled just above the 1.10 figure.
This pair is now on the verge of completing a five waves decline, so we should
see more downside as the 1.1033 high remain intact.
This count suggest that we have completed a zigzag, where wave B was a triangle.
I will look to sell three legged corrections below 1.10334.
A break below 1.064 would give reason to believe that a new bearish impulse
is under way.
Follow all my demo trades at www.myfxbook.com/mem.../tlkemmy/demo/854232
and follow me on twitter for intra-day updates twitter.com/atliveanner
Good luck!
