4 hour EURUSD:
The wave 4 (orange) usually has a retracement ending at the 23.6% and 38.2% Fibonacci retracement levels. A break above the red line would invalidate wave 4.
A big consolidation zone is taking place within the wave 4 (orange).
4 hour GBPU
...4 hour EURUSD:
A bearish momentum could be part of a bigger ABC (magenta) or a wave 3 (blue), which will depend on how slow or fast price retraces back up. In the 1st case a wave 3 is more likely; in the latter an ABC.
60 min EURUSD:
The downtrend continuation could face s
...4 hour EURUSD:
A break below 1.3425 would break the 138.2% Fibonacci level of wave X (vs wave W) and the alternative count would most likely be a wave 3 (both blue).
60 min EURUSD:
Price is moving down in a well balanced down trend channel (orange) and potential break outs
...4 hour EURUSD:
Whether wave 5 (dark red) could complete a wave C (magenta) or a potential wave 3 is an important development to monitor. The break below the 1.618%, which is the usual target for a wave C, starts to favor a wave 3 scenario.
60 min EURUSD:
Price is moving do
...4 hour EURUSD:
The break of the 1.35 support level is the first time price has moved outside of the1.35-1.37 zone since the end of May. However despite the break, there is a decent chance that wave 5 (dark red) has been completed with yesterday’s fall.
60 min EURUSD:
If wa
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