4 hour EURUSD: a bearish break of the consolidation could indicate the start of wave 5 (purple) whereas a bullish break probably signals the continuation of wave Y (green) of wave 4 (purple).
60 min EURUSD: the wave X (magenta) indeed will be moved to an expansion of the
...4 hour EURUSD: the EURUSD so far has not able to break out of the triangle. A bearish break could indicate the start of wave 5 (purple) whereas a bullish break probably signals the continuation of wave Y (green) of wave 4 (purple).
60 min EURUSD: the triangle could see a
...4 hour EURUSD: it is very usual for fourth waves to last long. The invalidation level for wave 4 is at the end of wave 1 which for the current wave 4 (purple) means the red line.
60 min EURUSD: yesterday price indeed bounced back up as part of a wave B (magenta).
GBPUSD
4
...4 hour EURUSD: price bounced off of the top of the triangle but the downside could be part of a wave B (green) of a larger WXY correction (green).
60 min EURUSD: when analyzing the 1 hour chart it seems more likely that a bullish zigzag is taking place (green ABC).
GBPUS
...4 hour EURUSD: as a new trading week starts the EURUSD faces resistance at the top of the wedge. A bullish break could indicate a wave Y (green) formation whereas a bearish break might lead to a wave 5 (purple).
60 min EURUSD: when analyzing the 1 hour chart it seems mor
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