GBPUSD Elliott Wave calls for bounces to fail
GBPUSD is showing a 3 wave (7 swing) drop from 1.6525. Although decline from 1.6525 – 1.6166 is corrective in nature, it doesn’t mean that trend is going to resume for new highs because majority of markets trend is sequence of 3 waves rather than 5 waves. Trend in 4 hour and 1 hour time […]
USDJPY: Power of equal legs 9.24.2014
In this video we show traders how to trade using arrows and invalidation levels even when the cycle is mature. We highlight the concept of equal legs and how powerful they are in producing reactions which allow traders to create free positions without worrying too much about what’s going to happen after. We do Elliott […]
AUDUSD Video Elliott Wave Analysis 9.3.2014
Preferred Elliott Wave view suggests move up from 0.9234 is unfolding in 7 swings (WXY) when rally to 0.9373 completed wave “W” and dip to 0.9261 completed wave “X”. Wave “Y” higher is in progress. Pair has already hit 0.618 ext of W-X at 0.9346. 5th swing in a 7 swing structure usually ends between […]
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