Probability of "surfing opportunity"
Simple Elliott wave analysis + fundamental factors gives the opportunity to enter a long trade on EUR/USD
The target price for December is $1.18
Elliuotwave
ABC Correction is coming, Multiple Time frames analysis Good Morning Traders!
We saw a sharp decline in 5 waves down to the 3 month low. From This point, I expect at least ABC correction in this market to 38% Fib lvl -0.51% . Nevertheless UK economy is in a SLEEP MODE and chances of another Intrest Rate hike by BOE in May is nearly 0.
From Daily chart, we can see that Price is hovering near 200 MA and uptrend channel line from where we can see this ABC correction. As well We can see that price is about to retest the previous counter-trend-line thus there can be lots of bulls waiting to enter into this market.
Best Regards,
VW.
GBPAUD Sell Setup By Wave Analysis Hi Guys this pattern is similar to GBPNZD look for top enter for short
