4 hour EURUSD:
Price has reached the minimum wave 3 (orange) target (100%) – although usually wave 3’s tend to get lower
60 min EURUSD:
Price has reached the 61.8% target of wave 5 (blue). If price continues with its down trend, then the next target could be at 1.31 (green
...4 hour EURUSD:
Price reached the bottom of the downtrend channel (orange) and could retrace for a wave 4 (orange).
60 min EURUSD:
Price could be in a retracement for wave 4, which often sees a turnaround at the 38.2% Fibonacci retracement level (1.33).
GBPUSD
4 hour GBPUSD:
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...4 hour EURUSD:
The wave 5 (orange) is falling towards Fibonacci targets. The main target is usually the 61.8% (blue) Fibonacci level, which is equal to the weekly bottom (blue line) at +/- 1.31.
60 min EURUSD:
The bearish breakout has extended itself with more 5 wave patte
...4 hour EURUSD:
The wave 5 (orange) is falling towards Fibonacci targets but could also expect potential support at the weekly horizontal levels (blue).
60 min EURUSD:
Yesterday’s bearish breakout is working out nicely and price is heading towards targets.
GBPUSD
4 hour GBPUS
...4 hour EURUSD:
The wave 4 (orange) usually has a retracement ending at the 23.6% and 38.2% Fibonacci retracement levels. A break above the red line would invalidate wave 4 (orange).
60 min EURUSD:
A breakout (red arrows) could occur below support (green lines) towards Fibo
...