5th Wave to ABC Correction
Price seems to have bounced from prior resistance level near psychological price level of 1.27000, completing wave 5 and is currently forming wave A of ABC correction.
Looking for wave A to complete, breaking out from the trendline, to confirm the move down.
A bounce off of the trendline near .236 fib support level would indicate a higher move up in the short term.
We also had some great US unemployment numbers mixed with some less than expected GBP Construction PMI numbers today which should help the pair with its move down.
Good Luck!
Looking for wave A to complete, breaking out from the trendline, to confirm the move down.
A bounce off of the trendline near .236 fib support level would indicate a higher move up in the short term.
We also had some great US unemployment numbers mixed with some less than expected GBP Construction PMI numbers today which should help the pair with its move down.
Good Luck!
כתב ויתור
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