Fahad_4FX

Fahad_4FX

Long opportunity is close where supportis in place, target not to far in daily chart where short opportunity around

Fahad_4FX

Euro reached critical resistant area, looks top in place

Fahad_4FX

in monthly chart USD/JPY shows clear ABC correction , it means large drop down is coming, in daily chart there is full five waves dowen which open the doors for recovery before beginning of strong and long third wave

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Euro reached critical resistance in daily chart , with ending diagonal suggests final push up to allow new down trend may be affected by coming Wed FOMC meeting.

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with refer to up trend line, it gives idea that pound has chance to drop down to up trend line to continue new up trend

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in this scenario there is potential for recover in 3 waves then followed by wave C in 5 waves which will break the trend line before rally resume

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dropped in 3 waves only , still bullish to complete 5 waves then correction

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It is recovered in correction manner, 5 waves followed by 3 waves then almost complete five waves , looks 5-3=5 correction, should resume downside soon

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Bottomed at least for short term, you can buy safely

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Buy now, stop loss one point under yellow line , target will be 1.618 of first wave at least

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Because A = C , Buy Now , that's All , because A = C Good luck :)

Fahad_4FX

after what looks five waves, followed by 3-3-5 correction formation, EURUSD looks ready to new rally at least 1.618 of wave one, Good luck :)

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Regardless of whole chart counting, current situation shows new wave 1 completed followed by wave tow almost completed , if it is true wave three will progress soon to reach 1.618 of wave one at least, good luck :)

Fahad_4FX

With clear daily 3 waves down supported with up trend line bullish is the current situation with limited downside

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A = C , 3 waves recovery in 3-3-5 formation, no guarantee prevent C to reach 1.618 of A but you can trade some for now , Good luck :)

Fahad_4FX

SMA 100 and trend line suggest Pound still strong and have opportunity to continue up side, note hammer and doji star appear on SMA as a strong support

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from above 5 waves followed by A & B correction need final wave C as 5 waves up before new down trend began

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Just to complete three waves down for up trend , limited final push down before new attempt to resume up trend