Seems to be the first leg up. $EURUSD

2016년 8월 24일

It seems the correction is over and the first leg up is is development. With some fibonacci analysis I calculated some confluence zones (blue horizontal lines and a blue zone) and made a forecast, how the pair could develop.

It wouldn't be wrong to be aware, that the correction could continue by making another formation. For now, #bullish

2016년 8월 24일

노트

By the way, I would wait for the massive correction down to (2) after it reached (1) before opening a long position.

2016년 8월 25일

노트

It seems wave (3) of 1 is an extension. Wave 5 will be therefore a very brief move.