Hi Traders,
The Euro (now at 1.1729 ) and the Pound (now at 1.3139) achieved the targets. They could attempt another minor rally before staging a major top-&-reverse soon.
ELLIOTT WAVES
Check the weekly, daily and the 4-hour charts of both currency pairs: they show that they are on their targets. They also reveal that major wave 4 up is almost complete.
Once wave four is fully unfolded, there is a very strong chance of a sharp and long downtrend.
NOTE: Both weekly charts show a "throw over", as anticipated in my previous POST.
EURUSD WEEKLY, click to enlarge
GBPUSD WEEKLY, click to enlarge
EURUSD DAILY, click to enlarge
GBPUSD DAILY, click to enlarge
EURUSD 4-HOUR, click to enlarge
GBPUSD 4-HOUR, click to enlarge
The Euro (now at 1.1729 ) and the Pound (now at 1.3139) achieved the targets. They could attempt another minor rally before staging a major top-&-reverse soon.
ELLIOTT WAVES
Check the weekly, daily and the 4-hour charts of both currency pairs: they show that they are on their targets. They also reveal that major wave 4 up is almost complete.
Once wave four is fully unfolded, there is a very strong chance of a sharp and long downtrend.
NOTE: Both weekly charts show a "throw over", as anticipated in my previous POST.
EURUSD WEEKLY, click to enlarge
GBPUSD WEEKLY, click to enlarge
EURUSD DAILY, click to enlarge
GBPUSD DAILY, click to enlarge
EURUSD 4-HOUR, click to enlarge
GBPUSD 4-HOUR, click to enlarge
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