Disliked{quote} Hi pips29. Thanks for the question. It's made me have a closer look at this pair. I use the DeMark system & it is clearly showing me targets at 1.0960 & 1.0600. As for the pull back in between which I would assume to be wave 4, the 1.1100 may be just wave A of an ABC retracement With C being around 1.1300. From the top, wave 1 had a 68% retrace so I am assuming w4 will only have a 50% max' retrace. Hope it helps. Cheers. {image} {image}Ignored
Thks for the explanation though I must admit I don't understand Demark and the wave system. However, I share your view this pair has room to move down Can this be considered as a bearish flag?
the cautious seldom err....C