A 50% retracement will take the price
to 1.089 while a 60% retracement will take
it down to 1.083
There is also a rising wedge forming to
guide it to the 50% retracement.
Should it go past the bottom of the wedge
a Bulls flag will take it to the 60% retracement
to 1.089 while a 60% retracement will take
it down to 1.083
There is also a rising wedge forming to
guide it to the 50% retracement.
Should it go past the bottom of the wedge
a Bulls flag will take it to the 60% retracement
Comment:
Should read "Falling wedge" instead of rising wedge
