Hi Bobi..
So I have two questions...
TF_103 broke 61.8% downside so we are looking for a 47 pip target... this brings us to 1.3514....
on template 3 - we didn't reach our target at 1.3650 at 76.4% or even 1.3695 at 100%
on template 3 downside the 61.8% target is 1.3519...
My Questions:
1, how can we determine when this kind of reversal is going to happen? Will we come back to reach the target at 1.3695? where should price NOT break for this to happen?
2, How can we be sure that TF_103 is correct and will reach 1.3514... This also means that template_3 comes into play and target is actually 1.3440?
Thanks Bobi..
Jay
So I have two questions...
TF_103 broke 61.8% downside so we are looking for a 47 pip target... this brings us to 1.3514....
on template 3 - we didn't reach our target at 1.3650 at 76.4% or even 1.3695 at 100%
on template 3 downside the 61.8% target is 1.3519...
My Questions:
1, how can we determine when this kind of reversal is going to happen? Will we come back to reach the target at 1.3695? where should price NOT break for this to happen?
2, How can we be sure that TF_103 is correct and will reach 1.3514... This also means that template_3 comes into play and target is actually 1.3440?
Thanks Bobi..
Jay