In the 1 hour chart:
-The price moved to Fibonacci 0.618 to form a wave 1
-The wave 1 retraces back to Fib. 0.786 to give us the wave 2 formation
-The price rallied to Fib. 0(which is price 112.086) to form the wave 3.
- The price move sideways to form an extended fourth wave(wave 4); which finds support at Fib. 0.786.
Just as wave 2 gave us a sharp movement we...
In this currency pair we expecting price to go bullish; in the 15min chart the price has formed an inverse head and shoulder formation.
The first support of price is at 110.952, the price later break the support at 110.794 and later finds support at 110.050.
Since price fail to fall to previous support of 110.952 it signals buyers are in control,we see price...