Estimated pivot point is at a level of 1.1813.
Main scenario: short positions will be relevant from corrections below the level of 1.1813 with a target of 1.1650.
Alternative scenario: breakout and consolidation above the level of 1.1813 will allow the pair to continue rising to a level of 1.1938.
Analysis: Supposedly, a descending correction in the form of the wave (2) continues developing in the 4-hour time frame, with an ascending correction in the form of the wave B completed and the wave C developing inside. Apparently, the first wave of junior level i of C is developing locally. If the assumption is correct, the pair may be expected to continue falling to the level of 1.1650. The level 1.1816 is critical in this scenario.
Do You Want To Make Thousands Of Dollars Extra Cash Every Month
From Forex Trading In Pakistan?
Subscribe To Our Mailing List And Get Free Forex Training Videos, Free Forex Trading Strategies, Free Forex Indicators, Robots And Free Forex Analysis From ForexGuru.Pk Team In Your Email
We Respect Your Privacy And Protect It Seriously
