Using fib levels, long term trend lines, volume profile levels (not seen on chart) and divergence confluences I determined that this is my view for this pair for now. If 1400 is broken as of writing then I will consider this invalidated.
The targets are 1370 as of writing to the 1220-1240 area. From there I am expecting it to rise hard towards the .382 and .618 monthly confluence level around the mid 1500s (1530-1570). I personally want to see this pair fall to the 800-700 levels after this rise but that is to be determined (3-4 year forecast).
Bearish divergences are seen for this pair on the D,2D,3D and weekly. Bullish divergence developing in the 2W-3W.
(The drawing on the chart is not set to scale in relation to time. I see this pair hitting 1220-1240 around sept-nov of 2019 and hitting 1500s in mid 2020s)
The targets are 1370 as of writing to the 1220-1240 area. From there I am expecting it to rise hard towards the .382 and .618 monthly confluence level around the mid 1500s (1530-1570). I personally want to see this pair fall to the 800-700 levels after this rise but that is to be determined (3-4 year forecast).
Bearish divergences are seen for this pair on the D,2D,3D and weekly. Bullish divergence developing in the 2W-3W.
(The drawing on the chart is not set to scale in relation to time. I see this pair hitting 1220-1240 around sept-nov of 2019 and hitting 1500s in mid 2020s)