Forecast for the week 05 Feb – 09 Feb 2007
Variant A
Down
* it was divergention on the previous bullish wave on h1 at GBP and EUR
* puncture of h1 zigzag downwards
* not puncture of the max 1.9747 during pull back upwards - fulfillment of fibo targets as elements of finished movement
* puncture of the min
* from the point of view on D1 (keep in mind both variants) this down movement can be
Variant B
Up
* not puncture of the min (1.9634) + puncture of the max (1.9747) = Hound of the Baskervilles and a new wave of bullish trend on bigger TFs
* criterion - NOT puncture by EUR its sup 1.2925 on H4 - otherwise, after 3-waved movement upwards on h4 will be break of the start of the previous bullish wave on h4
Blue arrows are for the variant A.
Green arrows are for the variant B.