Long Term Bullish Movement

10 de jan. de 2020

With regard to the previous Elliot Wave structure, we can see that the market moved in a 12345 impulsive movement followed by an ABC corrective structure. At the end of the corrective structure, we can see the market continued to move in an impulsive wave and currently we are at point 4 of the impulsive wave structure which is at the 0.68500 level a major psychological level and also the 23.60% Fib retracement level. Waiting for the bullish bias to start and push the price higher to the 0.71000 level.
TP1-0.69500
TP2-0.70000
TP3-0.70500
TP4-0.71000