After a sustained drop in a wave (X) and ending with an EED , prices are now reversing and heading higher. This could be the start of a MUCH, MUCH higher movement!
Dropped out of a EED following the NFP release last week. This most likely signals the beginning of a larger move down. But caution is needed as there should still be another move up before it drops.
See my FULL MONTHLY Analysis on USDCHF for details: (F) USDCHF FULL Monthly Update: Still Forming The (Free post. No Subscription required)
This pair EXPLODED upwards as predicted! However, unfortunately we had closed our positions last week on NZDUSD before this recent leg up. But this move up should be coming to an end soon and when it does, there will be another good opportunity to make more pips!
GBPJPY is most likely headed lower to complete a major wave down. What apparently happened was that there was a completed wave (4) triangle and then prices fell from there in what is now the wave (5). We should see another push down to complete this wave (5) and also the larger wave A before we see a MAJOR reversal occur.
See my recent FULL MONTHLY Analysis: (P) GBPJPY: Finishing The Wave A. Getting Set For A Reversal Wave B. (Premium Subscription required)
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