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Elliot waves analyst📈📉
EURUSD 1H .. this pair now is straight forward that we have completed a a very strong bearish trend wave ,price has to reset with a correction movement to collect more sell orders which am expecting this week to be the correction phase
EURUSD 1H ... we had a leading diagonal as wave A and price formed an irregular flat as wave B so price should be pushing up for Another impulsive move for wave C ... there should be a buying opportunity today as we are pushing toward that depth of correction
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Elliot waves analyst📈📉
This is a theme to all major pairs (EURUSD CADUSD GBPUSD NZDUSD AUDUSD CHFUSD) so unlike the past two weeks avoid swing trading this week just in and out trades only
AS we forecasted last week that this week will most likely be a correction week no major price movement did occur as our forecast . Now the week that will follow will most likely be a continuation but it won't start straight away I think major moves will most likely occur from wedges day
THE DOLLAY INDEX (DXY) as you can see the dollar index is completing the final moment of wave (c) as it has closed this week within wave 4 correction. our forecast is that its will open trading next week on the same wave 4 then hopefully on Tuesday complete final wave 5 completing this running flat then price will most likely start the bullish continuation
GBPUSD1H .. on the higher timeframe price is moving on the bearish trend that is very strong and has been in that trend for more that 2 month , our forecast relies on the continuation of that bearish trend with price trading up on Monday to complete wave c OF A ZIGZAG pattern before price continue with the bearish drop
It should one a great trading week next week . And all trade signals for the above pairs will be posted on our VIP group . Contact me @mwakasole to join