November 10, 2014 08:55
4 hour EURUSD:
The EURUSD bullish price action could be part of wave 4 (blue).
60 min EURUSD:
Friday’s bearish momentum seems to have completed two wave 5s of wave 3 (blue).
GBPUSD
4 hour GBPUSD:
The GBPUSD break below 1.5850 was too short for a potential wave 3 and hence it could still be part of a wave 2 (blue) correction.
60 min GBPUSD:
Wave 2 could be completed when wave Y (purple) completes.
USDJPY
4 hour USDJPY:
The USDJPY is in a strong bullish momentum with potentially two wave 3’s (blue and purple) ahead.
60 min USDJPY:
Waves 4 typically complete at the previous wave 4 of a lower degree. In this case wave 4 (green) could end near wave 4 (blue).