My elliot wave and price action analysis shows that the formation of the complete 3 wave cycle indicate that there will be another direction of a trend.
i will look at the candlestick formation at 1.1210 resistance area.then i will make a desicion to go long or to go short.
but another clue for me to say the price will change it direction upward is because of the overbought and oversold condition.the price seem to extremely oversold.
the candlestick also indicating that the bears are exhausted and there are some rejection on the bull.
good luck!1
i will look at the candlestick formation at 1.1210 resistance area.then i will make a desicion to go long or to go short.
but another clue for me to say the price will change it direction upward is because of the overbought and oversold condition.the price seem to extremely oversold.
the candlestick also indicating that the bears are exhausted and there are some rejection on the bull.
good luck!1
