Right now itis hitting the 38 fib retracement of this move down which is also the low of that wave . If it breaks 393-395 it may move up to 440 before the london open. Monarch would you say that this is wave C on the hourly chart?
Quoting monarchDislikedThe past Two London Opens have seen a sharp decline in prices.
I expected a 3rd drop in price at todays Open.
With the price decrease we just had that went down to 1.9349, I have become hesitant to think that now we will see such a sharp drop off again.
The movement is what I am watching now, Observe the 1 hour between the Frankfurt Open Now and the London Open in 1 Hour.Ignored