This is an update for my previous chart:
As expected we moved higher above the 1.50 level and completed a zig-zag correction.
This correction was preceded by a complex double zig-zag wave (A).
Now we have got a possible leading diagonal wave a (or 1) that this market
is currently correcting in what looks like a zig-zag formation.
We have got bullish RSI divergence as well as a bullish engulfing pattern
which are indicating that we should see more gains in the sessions ahead.
New lows below 1.367 are expected as the 1.533 level stays intact.
Disclaimer: www.traderwgun.com/?page_id=26...
Twitter: twitter.com/atliveanner
Tradingview: www.tradingview.com/u/traderWgun/
Mail: traderwgun1@gmail.com
Good luck!
As expected we moved higher above the 1.50 level and completed a zig-zag correction.
This correction was preceded by a complex double zig-zag wave (A).
Now we have got a possible leading diagonal wave a (or 1) that this market
is currently correcting in what looks like a zig-zag formation.
We have got bullish RSI divergence as well as a bullish engulfing pattern
which are indicating that we should see more gains in the sessions ahead.
New lows below 1.367 are expected as the 1.533 level stays intact.
Disclaimer: www.traderwgun.com/?page_id=26...
Twitter: twitter.com/atliveanner
Tradingview: www.tradingview.com/u/traderWgun/
Mail: traderwgun1@gmail.com
Good luck!
