Main scenario: consider short positions from corrections below | LiteFinance

Main scenario: consider short positions from corrections below the level of 1847.94 with a target of 1788.55 – 1747.55.

Alternative scenario: breakout and consolidation above the level of 1847.94 will allow the pair to continue rising to the levels of 1961.31 – 2050.00.

Analysis: a descending correction appears to have formed as the fourth wave (4) of larger degree on the daily chart, with wave С of (4) completed as its part. The fifth wave (5) started developing. Apparently, the first wave of smaller degree 1 of (5) is formed on the H4 chart. A local correction is unfolding as... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3KuyXuG