Wednesday, February 21, 2018

MORE OF THE SAME…

Well… the pullback for the follow-through was pretty darn shallow! What’s more, it looks like we are going to see further Dollar gains and basically to the eventual targets I have been suggesting. However, before that, there is the risk of the normal Asian consolidation. This could still provide a pullback also though I can’t see this being too deep.

If there is any pair that can baulk the pattern, then it’s AUDUSD that looks like seeing losses but even then we’re close to a Wave iv and therefore it doesn’t look like an immediate rush lower. Perhaps I could include EURJPY that made a good job of a two-day sideways consolidation within a 70 point range. I wondered where the snoring was coming from.

So we’re likely going to see the normal slumber initially but overall the main Dollar-currency Dollar bullish move will continue over today.

Good trading
Ian Copsey  






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