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Impulsewave

EURUSD: Temporary Pause Before Headed Higher Again EURUSD has been in a nice and strong recovery from 0.9730 from where we can count five waves up, up into wave 3 from where we have seen a nice reversal south as expected. We see this as a contrat-ternd reaction on the 4h chart. It's wave 4 that is now already in a subwave c so there can be some support coming in, in the next few sessions. The first one is at 1.0440, while the deeper supports are at 1.0293. We will expect a bounce up into fifth wave this month. GH
by ew-forecast
Exciting Times for $ Denominated Pairs!In this video we look into DXY structure and how this is so exciting for a few USD pairs. Generally across the board on the HTF we are seeing lots of corrective patterns completing their moves. These are nearly always followed by large impulsive movements in the market which are fantastic to capitalise on. USDJPY and GBPUSD see some clear impulsive phases beginning and we forecast how those entries may present themselves. Whilst we have to remain impartial, the Macro perspective on the $ looks like we could see some weakness and the £ seems like we could see some strength. This look particularly good for GBPUSD. If the markets are pricing the future rate hikes in this coming week then we could see some big movements. If not, we might be looking at some corrective behaviour until 14th December. This will be a very interesting week, for sure. Please comment below and engage with the post - would love to hear your thoughts.
by jakecarling41