In previous idea I in details showed why this pair will fall down.
What next? I think this pair have bearish trend with targets until to 0.95
Now this pair have a two count.
My main scenario is that have ended wave 1 and will do a wave 2 in next several days to area 1.12-1.127 (50-61% of Fibo) with subsequent fall in wave 3 with a first target area nearly 1.05 (wave 3 = 1.618 x wave 1)
Also, Alt count: wave 1 was anded at 1.1061, wave 2 completed at 1.1207 and now this pair already falling in wave 3. If it so, than the pair must have a little rise, may be until to 1.105-1.107 with subsequent fall with good acceleration.
For both scenario this pair could fall to 2-4th of June (H4 cycle = about 36 bars between lows)
What next? I think this pair have bearish trend with targets until to 0.95
Now this pair have a two count.
My main scenario is that have ended wave 1 and will do a wave 2 in next several days to area 1.12-1.127 (50-61% of Fibo) with subsequent fall in wave 3 with a first target area nearly 1.05 (wave 3 = 1.618 x wave 1)
Also, Alt count: wave 1 was anded at 1.1061, wave 2 completed at 1.1207 and now this pair already falling in wave 3. If it so, than the pair must have a little rise, may be until to 1.105-1.107 with subsequent fall with good acceleration.
For both scenario this pair could fall to 2-4th of June (H4 cycle = about 36 bars between lows)
