In my previous post I explained why I expected the new low.
We saw that new low 2016-04-08, however the bullish move after that low wasn't significant enough and I'm therefore still looking for a test of at least 120 (likely 119.70).
Bigger picture this pair is still in a consolidation and once we see my target zone get hit the reversal will most likely be fast and impulsive.
www.timstuyts.com
www.facebook.com/timstuyts
We saw that new low 2016-04-08, however the bullish move after that low wasn't significant enough and I'm therefore still looking for a test of at least 120 (likely 119.70).
Bigger picture this pair is still in a consolidation and once we see my target zone get hit the reversal will most likely be fast and impulsive.
www.timstuyts.com
www.facebook.com/timstuyts
