It takes some time to locate the pullback at times, but I feel this is likely another potential channel setup..Lets see where wave 3 takes us.
Due to my channel count, I expect EURGBP to break out of this channel and create a new impulse wave, following the 61.8% correction which completed an inverted head and shoulders pattern. I expect Euro to be weak for the upcoming week which supports my analysis, as well as the GBP to gain some ground. I have create a wave the ends towards the end of the channel,...
I am BULLISH for CHF for the week of 8/19/18. If EurChf breaks 50% retracement, I have price in a very nice zone for a sell from previous support and resistance. Elliott wave confirmed with ABC correction w/ inverted H&S and Stoch overbought. I am expecting a new downward 1-5 wave which just may break support of the inverted head. If the inverted head support is...
I am expecting for the CAD to be stronger than Euro for the week of 8/19/18. I have an ABC, WXY combo channel that is ready to breakout. I am expecting a 1-5 downward impulse wave to break support of the channel and make its way down to the 1.44467 area. Price respected top of channel and was rejected by my price zone of resistance. Nice Head and Shoulders...