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Impulsive

USDTRY : Trading In A Correction USDTRY has turned sharply down in mid-September that looks like an impulsive bearish reaction; mostly like first wave of a minimum three wave decline that can continue down to one of the former fourth waves around 2.600. But before weakness may resume we expect a three wave bounce in wave B-circled. On 4h chart we see that first impulsive wave (A) is already unfolding that may fill the gap before price will move down in to wave (B) for a pullback. After that will look for another leg up to 3.0000 psychological resitance where new big sellers may show up. Link to our previous updates on this pair :
by ew-forecast
USD Index : Correction Seems CompletedUSD Index made a nice pullback into the area of a former wave four, where new swing occurred. Price bounced up from 96.63 that can be end of a wave 2 so we see price now at the start of a new bullish impulse. There is a chance that market will continue up into big wave 3 this month, so dollar could get very strong against the major currencies. Invalidation level is now at 96.63, so as long this swing low holds, trend is up. Any reversal back to this low will suggest that wave 2 is still unfolding. Our previous updates on this chart :
TVC:DXYLong
by ew-forecast
EURUSD Nearing the Short Zone!EURUSD is reaching the short zone which is around 1.1475 to 1.1500 where 61.8% Retracement falls of Wave 1 and Wave A is Equal to Wave C completing the correction within the Channel Lines which is also at the same levels. I would go short at those levels for a Wave 3 down move which will be impulsive and fast. Targets for me are below the previous low and at around 1.0350 levels. Other short term targets are shown on the chart. Just my analysis, any comments or likes are appreciated. Happy Trading!!
Short
by SirajHudda
GBPCAD : Final Leg C UnfoldingOn the Daily chart of GBPCAD we see a nice five wave structure from the 1.8147 area. That means that now we expect price to make a three wave recovery into red waves (a), (b) and (c). Waves (a) and (b) seems to be completed and now wave c) is in the making. Waves (a) and (c) consists out of five sub waves, while wave (b) has only three waves. That said wave (c) could now reach the fibo. level of 50% or 61.8%, before turning up again and starting a new bullish cycle.
Short
by ew-forecast
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