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08:20

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Video analysis for USDCAD USDJP GBPUSD, THE XXXUSD pairs are starting to trade bearish pretty soon and the USDXXX are starting to trade bullish but all in the short term.

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We are in a corrective phase, a zig-zag correction is a simple 5-3-5 pattern occurs at any corrective phase of the market. We are in the last leg of a zig-zag pattern we can expect a fast drop as an impulse pattern but keep in mind a diagonal pattern is also valid as well. Wave (B) is a Triangle correction pattern, all the rules of a Triangle haven't been violated...

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Price is in an A-B-C correction pattern, the wave B as a Triangle pattern. We will be bullish for at least a week.

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USDZAR Has been in an impulse phase and it has been completed with no rules violated. We are in the bearish phase of the market, we have two counts going on where it could be an impulse in the downside suggesting a long-term sell-off or a short-term sell-off as a correction meaning we are trading in a wave (C) instead. The idea of an impulse is a little complex...

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Price is trading slightly bullish, but from a technical view, we are turning into a bearish bias as a double correction pattern. Waves/ legs (W) and (X) have occurred we have to look at how wave (Y) unfolds but it can be any corrective pattern. We can look for bearish trades at the current price or wait for the first leg of the correction pattern and trade the...

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Price is trading in a correction phase, we are in a double correction/ combination where all the waves or legs are correction patterns it can be any correction pattern but waves W and Y cannot be a triangle pattern. Price is currently on the wave A of wave Y sub-waves, we are in a bearish impulsive phase I don't expect any pullbacks as of yet.

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We are trading in a wave (C) phase of a Zig-Zag correction pattern. Often times waves (A) and (C) are equal so we can use that idea to set our target. We can expect wave (C) to be a very slow and choppy price action to complete the (C) wave.

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Price is trading in a bullish direction as an impulse move, the 1-2-3-4-5 sequence is close to completing we just have to wait for the wave 5 make a new high. The are scenarios where wave five fails to make new high this scenario is called Truncation. The waves 1 and 4 are not overlapped making this a valid impulse pattern the wave 4 is completed and we seeing...

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EURUSD is in a bull market we saw a correction from the recent weeks which was for a wave 4 impulse move. The impulse sequence is clear the waves 1 and 4 are not overlapped, wave 3 is not the shortest compared to wave 1 and possibly five which will soon form. We touched the middle channel line and we started seeing some weakness most likely we will see buys this...

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Gold has been trading in a corrective phase from the previous week, in which a Zig-Zag correction pattern waves A and C are often equal which are both motive waves. The wave C is an Ending Diagonal Pattern we can expect price to start buying pretty strong or make a new high.

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USDJPY o the daily timeframe is trading in an impulse move as wave 4 forms we notice we have a Triangle pattern forming. Soon we can expect wave 5 to be complete, the common way to look at wave 5 would be to measure the wave 1 distance but Fibonacci multiple can also be useful.

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Fridays tends to be choppy and consolidative, I don't expect more than 100 pips move.

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Price is trading in a double correction pattern. We are trading in a wave (Y) phase, the wave (Y) is a zig-zag correction pattern. Waves A and C are often equal on a zigzag pattern.

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Price is trading in a bearish trend so for the most we are in an impulse move 1-2-3-4-5, wave 4 seems to be one of those unclear triangle patterns. The idea is we can expect a sell-off soon as a wave 5. The only way to invalidate the triangle pattern is by breaking the wave A high.

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USDCAD is trading in a short term downtrend as a double correction W-X-Y. Wave Y will most likely form a zigzag correction pattern. We can use wave W's distance to measure wave Y target. The USDCAD is trading in a series of 1-2 1-2's so price is currently trading in a wave 2 phase.

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BTCUSD has been trading in a bearish trend for the past at least 12 months with no sign of buying pressure, and from a technical perspective, it seems like we will continue selling off to complete wave 5 of an Elliott Wave Theory impulse move. Of course waves 1 and 5 are often equal so we can use that idea to help us predict the end of the fifth wave also by using...

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GBPJPY has been trading bullish for a while now, we are currently on a fifth wave phase on a higher timeframe. Of course, we know that wave 5 is a motive wave meaning it can be an impulse move or a diagonal pattern. We have a 1-2 sequence wave 2 retracing about 61,8 fibonacci level.

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Price has been trading bearish for a while now this is a potential corrective A-B-C Zig-Zag move. The wave (C) is a possible Ending Contracting Diagonal Pattern. The wave sure seems very short and may not be complete as of yet. We know from a Zig-Zag pattern that waves A and C are often equal so we do have to keep in mind that we could still possibly see a...