The midterm trend which i have illustrated with the green count is bullish in this TF. If we could trade above the last valid green "2" a bigger longsignal would be initiated. TP=1.13. The trend after the ugly "FOMC-Hammer" a few days ago is also a bullish uptrend (manganta count). If we could trade above the last valid mangenta "2" a shortterm longsignal would be initiated. TP=1.123. 5 If the last mangenta "3" will be underbidden, a starting beartrend will be formed in the ultrashortterm view (yellow count) TPs: 1.1135/1.1118/1.11
Supports: 1.1145 EMA 200 / 1.1155 / the illustrated fibos & EMA 90 and 1.1090 (trendchannel) Resists: 1.1190 / 1.1198 /1.1235
RSI: selling-signal
Note
Note
no more mangenta count - the yellow bearish one is active yet
Note
if the last yellow "2?" will be underbidden, the next tps could be 1.11177 1.11
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