mgh85

mgh85

After an impulsive wave as wave 3 price retraces to 61.8% previous move. This point can act as a strong PRZ. Now we can expect an upward move at least to the 31.8% of wave a.

mgh85

this pair started a new impulse in jan 2017. After the completion of this wave, the price started a correction to 78.2 as wave 2. For now It seems that we completed wave 1 of 3 and after a pullback to the weekly trend line which is covered with 38.2 level of fib retracement, as the wave 2 of 3, now it seems that we are at the beginning wave 3 of 3. so I think...

mgh85

after an impulsive move, It seems that correction should continue to 38.2 level fibo.