in accordance with my previous forecast where i took a BE and some profit out of the short from, price is now at the 90% rule of the structure, where i am looking for price to break the low before moving in the forecasted direction long. if price is to form an element of structure leading to the third touch breaking the low to the left (the 90% rule) i will be...
GBPUSD could have ended the wave minor 4 correction at 1.2768 Nov 8 low.
This scenario sees the current structure as impulsive with minute waves 1,2 and 3 (perhaps 4 too) completed.
In case prices slide below 1.2886 we could see the end of minuette wave a, then receive a b and c lower as part of an a,b,c zigzag. However, if prices break above 1.2940 the chances...
In today’s #marketinsights video recording, I talk about FX Minors AUDCHF and USDMXN as they both seem to be moving down impulsively.
Added uncertainty amid the latest trade delay, and poor Chinese activity and Australian employment data all add pressure on the Aussie.
Mexican peso, on the other hand, weakened yesterday following Banxico's decision to cut rates!...
