The highlighted ellipse is cluster of following three;
1- Completion of Gartley
2- AB=CD pattern
3- Downward upper trend line (minor)
Hence 1.463 may be a level you should be watching closely if you are long this pair; I expect a decent pull-pack at this level, though.
Please let me know your thoughts,
Best regards,
Hamed
Newcastle upon Tyne
03/Jun/2015 Wed h22:35 BST
1- Completion of Gartley
2- AB=CD pattern
3- Downward upper trend line (minor)
Hence 1.463 may be a level you should be watching closely if you are long this pair; I expect a decent pull-pack at this level, though.
Please let me know your thoughts,
Best regards,
Hamed
Newcastle upon Tyne
03/Jun/2015 Wed h22:35 BST