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Hey traders! GBP/USD is showing a beautiful impulsive structure, and it looks like we’re in the early stages of Wave 5. Based on the current Elliott Wave count, we have a clear setup with defined risk and a compelling reward. Setup Breakdown: Wave 1 and Wave 3 have completed. Price is now pushing out of a consolidation that likely marks Wave 4. The projected...

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Could This Complex Correction Be Hiding a Triangle? Hey traders! Let’s talk gold (XAU/USD). After a textbook impulsive move up, we’ve entered a complex correction that appears to be unfolding as a potential Wave 4 triangle, more specifically, a Y wave triangle within a W-X-Y corrective structure. Why It Matters: Wave 4 corrections are notorious for being tricky,...

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Strong Moves Often Mean One Thing: Wave 3! Hello traders! If you’ve been watching EUR/USD, you’ve probably noticed the recent explosive move higher. When you see a sharp, powerful trend like this, there’s a good chance you’re looking at a third wave in Elliott Wave theory. And guess what? That’s exactly what seems to be unfolding here. Wave-by-Wave...

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Discover the Power of Elliott Waves with This USD/CAD Setup! Hey traders! If you’re looking for a clean, textbook Elliott Wave example to sharpen your analysis skills, you’re in the right place. Let’s break it down together—and who knows, this could be the edge your trading needs! Elliott Wave Breakdown Wave 1: Kicked things off with a strong move higher,...

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Hello fellow traders! Dive in to explore our quick take on GBP/USD’s Elliott Wave action—happy trading! Wave 1 & Wave 2 The initial leg up (Wave 1) established the start of an impulse. Wave 2 appears to have formed a flat correction—a relatively sideways pattern characterized by three sub-waves (A-B-C), where Wave B can sometimes move slightly beyond the start...

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USD/CAD Market Commentary: Will the Gap Close? The USD/CAD pair has recently exhibited strong bullish momentum, breaking out from a prolonged consolidation phase. Current price action suggests an impulsive Elliott Wave structure, with a potential completion of wave (3) and an ongoing corrective wave (4) before a final push higher into wave (5). Wave Structure...

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Overview: Elliott Wave Perspective The USD/JPY pair is presenting an exciting long setup based on Elliott Wave principles. After finding support at 153.72, the pair has been consolidating within a well-structured 5-wave impulsive framework. Currently, the price action indicates we are in the midst of a 5th wave move, which could potentially drive the pair to a...

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The EUR/USD pair has shown remarkable strength in recent weeks, rallying from its lows of 1.0178 and potentially completing a 5-wave impulse structure, as per Elliott Wave theory. This article explores the evidence of this potential trend and the early signs of a possible corrective Wave 2, which may set the stage for a Wave 3 rally. Wave Count Analysis: A 5-Wave...

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Potential Short Trade Setup for USD/JPY: Elliott Wave 4th Wave Triangle Context: USD/JPY appears to be in a 4th wave triangle within a larger impulse wave sequence. The price is currently charting wave E, the final wave in the triangle formation. A short trade setup arises if resistance holds at key Fibonacci levels and the triangle completes, allowing the 5th...

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The GBP/USD currency pair is currently presenting a potential buy opportunity as it appears to be in the middle of a 3rd wave uptrend—a strong impulsive move according to Elliott Wave theory. This article highlights the setup, entry, target, and stop-loss levels, with supporting technical reasoning. Market Overview The GBP/USD has been trending higher over the...