Using FXCM quotes (good quotes) the TL July 15, 2008/May 4, 2011 has not been traded yet. Dec 27, 2013 price missed it with 7 pips and Feb 28, 2014 it missed with 8 pips. Technically this is important, as price likely wants to test it properly. Thus I lean towards another run, but since the 61,8 target of ABCD has been hit on Daily, with bearish divergence, we might see another move down first. 1,3638 is critical for the Daily AB=CD pattern as it will be
erased and focus shifts to the downside. However, since market has traded the minimum target (61,8 fib of CD)
upside outlook is less clear. It is also critical how price acts around the 2008/2011 TL today at 1,3827 (using
good quotes).
erased and focus shifts to the downside. However, since market has traded the minimum target (61,8 fib of CD)
upside outlook is less clear. It is also critical how price acts around the 2008/2011 TL today at 1,3827 (using
good quotes).