#. Elliott wave analysis....4 hour frame
#. It is inside a major bearish price channel...red color
#. It's inside a descending sub-channel... blue color
#. The first wave of Elliott completed
# .Elliott wave incoming 2
First: the purchase.. which is a very weak possibility
=. If it crosses the red trend, the target = 0.7577
Second: Selling... which is a strong possibility
1) If the purple trend is broken... targeting = touching the blue trend
2) In case the blue trend is broken....the targeting = the area 0.7290 - 07244.
Note: I will be glad to receive your comments
#. It is inside a major bearish price channel...red color
#. It's inside a descending sub-channel... blue color
#. The first wave of Elliott completed
# .Elliott wave incoming 2
First: the purchase.. which is a very weak possibility
=. If it crosses the red trend, the target = 0.7577
Second: Selling... which is a strong possibility
1) If the purple trend is broken... targeting = touching the blue trend
2) In case the blue trend is broken....the targeting = the area 0.7290 - 07244.
Note: I will be glad to receive your comments
Sorry, this is AUDUSD analysis
Sorry, this is AUDUSD analysis