Buying dips above 0,88 w targets red arrows is
preffered after strong reaction from pattern completion
on Daily chart (see prev post). Minor Daily ABCD's first
target is 0,8912. How price behaves at this level is
important. Impulsive moves down warns of inability
to complete first target, yet probabilities points towards
0,89 level at least. The 2nd impulsive move up halted by
the 61,8, minor Dpoint and has targeted the 0,5fib of
whole pattern, pip to pip at 0,8814.
preffered after strong reaction from pattern completion
on Daily chart (see prev post). Minor Daily ABCD's first
target is 0,8912. How price behaves at this level is
important. Impulsive moves down warns of inability
to complete first target, yet probabilities points towards
0,89 level at least. The 2nd impulsive move up halted by
the 61,8, minor Dpoint and has targeted the 0,5fib of
whole pattern, pip to pip at 0,8814.