USDCHF, usually wave 3 is 161.8% of wave 1. and thats where market is currently at. Traders are expecting market to form a downward correction before buying wave 5
GBPUSD, Traders saw how the market completed the 5 wave-impulse and started a downward correction. It was fair to expect wave B and C after wave A. Currently we are about to complete wave C, as such traders foresee a rally in price for GBPUSD.
EURGBP completed a 5wave impulse and traders a expecting a downward correction before the big move up
USDJPY is setting up for a long term buy opportunities. Watch price action on smaller time frame for buy. Been waiting for this trade since last year: Check my instagram handle for previous analysis: @phile_ltd
GBPJPY is setting up for a nice bullish continuation after completing both a 5wave impulse and correction. IG: @phile_ltd
EURUSD has completed the correction and now setting up for a long term bullish move.
EURGBP just completed the last leg of the WXY structure and setting up for reversal. We saw the price forming a combination of two corrective structures after an impulse wave, first an expanded flat, then abc, followed by the last one which is a zigzag. Price is currently at a lower boarder of the zigzag structure, as such completing the wave (Y). I am of the...
XAUUSD is in currently retracing in the form of a 5 -wave impulse up towards the 61.8% fib level. we are anticipating wave 5 to end at 61.8 fib level before we look to sell the long term drop in price.