4 hour EURUSD:
The EURUSD broke the 1.25 bottom but with less momentum than expected which raises question marks whether price is indeed in a wave 3 (purple). The 1 hour chart can help determine an invalidation point.
60 min EURUSD:
Waves 2 (magenta) cannot retrace further
...4 hour EURUSD:
The EURUSD break of the 1.25 bottom increases the odds of price falling towards the Fibonacci targets of wave 3 (purple) and wave 5 (orange).
60 min EURUSD:
Within the wave 3 (purple) price could be extending the wave count with a 5 wave (blue) to complete w
...4 hour EURUSD:
The confirmation of the EURUSD starting its 5th wave (orange) is when price breaks below the bottom (green line).
60 min EURUSD:
One of the most likely alternative wave counts (usually there are multiple options) could be that current wave 1 (purple) is a wa
...4 hour EURUSD:
The EURUSD’s drop during the FOMC statement most likely ended the wave 4 (orange) but a break of the bigger 1.25 bottom (green) would be needed.
60 min EURUSD:
The bearish momentum was strong with a fall of 200 pips.
GBPUSD
4 hour GBPUSD:
Yesterday’s strong fal
...4 hour EURUSD:
The EURUSD break of the resistance trend line (orange) could signal the start of the bigger correction up towards the 38.2 Fibonacci retracement.
60 min EURUSD:
EURUSD’s spike up yesterday was most likely part of a WXY (dark blue) correction.
GBPUSD
4 hour GBP
...