Looking for a reversal in this pair to end a B wave correction, target above 1.8. I will update ideas to this thread
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This moved deeper than I was working on, bursting through the bottom of the ED, and it seems to have nullified the divergence. The whole idea was to work another leg up above 1.8 as wave 4 of the whole decline from last year, which appears relatively near an end of a long and interminable decline
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Possible 5 up from a B wave low made
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Tuesday 24 January will be the announcement of the UK Supreme Court's decision on Brexit (about parliament's role in it), so expect enormous volatility in the pound
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The whole 4 hour count looks good for a B wave low. We have a 5 wave impulse from that low, so any 3 wave correction will be a buy. On the 1 hour it looks like a and b could already be in for that correction. Tuesday will have a huge announcement so look for buys on any low towards the base of the tri
@5898928, I would say yes, it looks like it could have made a low. Need to see if it corrects in 3 waves now. The pullback for B has been much deeper than I expected.