EURUSD
As per the aforementioned H4 chart of EURUSD, price has bounced off of the bottom but considering the deep retracement the wave count is most likely a corrective ABC pattern (purple). At this point the wave count is highly vulnerable to change due to the bullish w
...Please note that next week there will be no wave analysis. The next wave analysis will be on Tuesday May 13. Be cautious of the fact that today is the release of NFP figures which could heavily impact and alter all currency pairs and wave counts.
EURUSD
Price remains belo
...EURUSD
Yesterday’s rise in the EURUSD increases the probability of price completing a wave X (blue) of a wave B (purple).
A break of resistance (purple) could lead to breakout (green arrows) trades to the Fibonacci targets.
GBPUSD
P
...EURUSD
Yesterday’s drop in the EURUSD increases the probability of price completing a wave X (blue) of a wave B (purple).
Wave Y (blue) targets are at the 61.8% and 100% Fibonacci levels.
GBPUSD
Five waves could have been completed
...EURUSD
There is a decent chance that price could has complete wave B (purple) and is now moving towards a wave c (purple).
A break (green arrows) above the resistance (purple) could translate into upside continuation.
GBPUSD
Five wa
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