correction

ew-forecast ew-forecast PRO GBPUSD, 60, Long ,
GBPUSD: Elliott Wave Analysis: GBPUSD Trading In A Five Wave Impulse
566 2 15
GBPUSD, 60 Long
Elliott Wave Analysis: GBPUSD Trading In A Five Wave Impulse

GBPUSD trading in a three wave correction of wave 4, now in final stages of sub-wave c. That said support for the corrective wave 4 may be around the 38.2 Fibonacci ratio, from where a new reversal higher into wave 5 may follow. Afterwards wave 5 of 3) may reach levels around the 1.2919 region.

ew-forecast ew-forecast PRO EURNZD, 240, Long ,
EURNZD: Elliott Wave Analysis: Correction On EURNZD May Be Finished
394 5 15
EURNZD, 240 Long
Elliott Wave Analysis: Correction On EURNZD May Be Finished

EURNZD seems to be trading in a corrective retracement of wave B, after a five wave move to the upside had unfolded in the previous wave A. That said recent fall can be sub-wave C, that may see some limited downside around the lower channel line. That said, a breach above the upper corrective channel line will suggest higher levels to follow.

ew-forecast ew-forecast PRO NZDUSD, 240,
NZDUSD: NZDUSD Trading In Temporary Wave Four; Final Drop In View
374 0 21
NZDUSD, 240
NZDUSD Trading In Temporary Wave Four; Final Drop In View

On the 4h chart of NZDUSD we can see a nice higher degree bearish breakdown to be in progress, with price now specifically trading in red wave 4). The ideal reversal zone for wave 4) may be around the upper channel line, where sub-wave Y may find resistance. A break beneath the 0.6990 level would suggest lower levels to follow.

ew-forecast ew-forecast PRO EURUSD, 240, Short ,
EURUSD: Elliott Wave Analysis: Bears On EURUSD Taking Charge
1060 0 21
EURUSD, 240 Short
Elliott Wave Analysis: Bears On EURUSD Taking Charge

On the updated count of EURUSD we see price trading south following a completed a zig-zag correction, that was in progress since start of the year. Current reversal is strong and clearly impulsive, thus an important sign of a top in place, meaning a minimum three wave reversal to the downside may start to unfold but ideally that's a start of an impulsive drop in ...

ChrisMark ChrisMark EURGBP, 60, Long ,
EURGBP: EURGBP 1H Chart.Looking to buy.
372 0 41
EURGBP, 60 Long
EURGBP 1H Chart.Looking to buy.

Hi traders, EURGBP is in correction, could break up so watch to buy any breakout.For now, I see some more drop so do not get any long positions. The pair has more downside longer term, check previously uploaded idea. Trade with discipline.

ew-forecast ew-forecast PRO GBPJPY, 60,
GBPJPY: Elliott Wave Analysis: Five Wave Move On GBPJPY Seems Completed
715 4 21
GBPJPY, 60
Elliott Wave Analysis: Five Wave Move On GBPJPY Seems Completed

Intraday chart of GBPJPY is showing us a nice five wave rally to the upside, with price now particularly trading in late stages of wave v. That said we believe a three wave decline may come in play as a contra trend reaction and later find support around the 138.29-139.05 zone.

ew-forecast ew-forecast PRO EURUSD, 240, Short ,
EURUSD: Elliott Wave Analysis: EURUSD Sharply Turning Lower
1445 2 27
EURUSD, 240 Short
Elliott Wave Analysis: EURUSD Sharply Turning Lower

On the 4h count of EURUSD we see price trading south following a completed zig-zag correction that was in progress since the start of the year. Reversal down is strong and clearly impulsive, thus an important sign of a top in place, meaning a minimum three wave drop is expected to unfold, which should resume after current rally is completed. We see this rally as ...

ew-forecast ew-forecast PRO AUDUSD, 60, Short ,
AUDUSD: Elliott Wave Analysis: AUDUSD Intraday View
807 0 28
AUDUSD, 60 Short
Elliott Wave Analysis: AUDUSD Intraday View

AUDUSD is moving nicely down as expected following that turn down from 0.7584 resistance that we highlighted a few times in our past updates. We see pair now trading near 0.7500, but in fifth wave so downside can be limited in the near-term as new three wave rally may show up.

ew-forecast ew-forecast PRO USDJPY, 240,
USDJPY: Elliott Wave Analysis: USDJPY Trading In Final Wave 5
1599 0 41
USDJPY, 240
Elliott Wave Analysis: USDJPY Trading In Final Wave 5

USDJPY is falling, now seen in fifth wave of decline of wave C) which can be in final stages now. As such, traders should be aware of a bounce ideally from around the lower channel line that comes in near 109.00. Minor five waves up from there and back to 111.50 will be an important evidence for a change in trend.

ew-forecast ew-forecast PRO UK100, D, Long ,
UK100: UK100 Index Showing Good Qualties Of A Five Wave Move
339 3 11
UK100, D Long
UK100 Index Showing Good Qualties Of A Five Wave Move

On the Daily chart of UK100 index we are looking at a higher degree impulse taking place with price specifically trading in final wave (v) of a five wave move. As we can see market activity displayed a five wave pattern in the previous fourth wave correction, that is also known as an Elliott Wave triangle. This is a continuation pattern that occurs prior to the ...

ew-forecast ew-forecast PRO USDCAD, 240, Short ,
USDCAD: Elliott Wave Analysis: USDCAD Eyeing 1.3180 Region
647 1 19
USDCAD, 240 Short
Elliott Wave Analysis: USDCAD Eyeing 1.3180 Region

USDCAD has turned nicely down from 1.3533, clearly with five waves which is a structure of a bearish turn based on the Elliott Wave principle. As such, we now expect even more weakness after recently unfolded three wave bounce from 1.3262 that is pointing lower into wave three. We think that 1.3262 is going to be broken this week from where market may see a drop ...

ew-forecast ew-forecast PRO AUDUSD, 240, Short ,
AUDUSD: Elliott Wave Analysis: AUDUSD Trading In A Bearish Impulse
811 0 23
AUDUSD, 240 Short
Elliott Wave Analysis: AUDUSD Trading In A Bearish Impulse

Aussie is making a sharp decline for the last few trading days with an extended structure seen down from 0.7678 that we see it as wave 3) which will normally touch 161.8% Fib. extension level. This one is placed near 0.7440 which is not far away so traders will have to be aware of a corrective bounce this week; up into wave 4).

Yefet Yefet DASHBTC, D, Long ,
DASHBTC: $DASH - make or break
220 0 5
DASHBTC, D Long
$DASH - make or break

$DASH on the daily chart is making a nice set-up for the possible rebound from the current lows: - the price reached the edge of the bullish Ichimoku cloud (Lead 2); - Lagging Span (aka Chikou) hits the Base Line (aka Kijun-sen) They could provide the support for the price & thus a little rally for us :) hopefully Let's keep an eye and watch for the entry signal ...

ew-forecast ew-forecast PRO USDCAD, 60,
USDCAD: Elliott Wave Analysis: USDCAD Trading In A Temporary Correction
713 4 20
USDCAD, 60
Elliott Wave Analysis: USDCAD Trading In A Temporary Correction

USDCAD remains above 1.3262 low so pair is actually still trapped in a corrective price action ; we are looking at an A-B-C move that may still retest levels around 1.3440-1.3460 which appears to be an ideal resistance zone, so drop may show up later this week. On the other-hand strong fall and daily close below 1.3262 would be first evidence that correction is ...

ew-forecast ew-forecast PRO DXY, D, Long ,
DXY: Elliott Wave Analysis: USD Index Looking Up Into Wave 5
783 0 25
DXY, D Long
Elliott Wave Analysis: USD Index Looking Up Into Wave 5

We see price trading in a three wave correction in wave 4), with recent drop being the final sub-wave (C) of this correction. This correction will ideally unfold as a simple zig-zag pattern, that will find some support around the lower channel line and bounce higher into wave 5).

ew-forecast ew-forecast PRO AUDUSD, 30,
AUDUSD: Elliott Wave Analysis: AUDUSD Trading In A Temporary Correction
933 2 27
AUDUSD, 30
Elliott Wave Analysis: AUDUSD Trading In A Temporary Correction

AUDUSD is trading in a correction of a higher degree, with current rally being part of wave C of 2). That said the mentioned bounce may find some resistance around the 0.7648 or if rally is stronger around the previous wave 2 at the 0.7684 level. Either way, we see this pair going to the downside in the next couple of days.

ew-forecast ew-forecast PRO EURNZD, 240, Long ,
EURNZD: Elliott Wave Analysis: EURNZD Looking Higher Within Wave Five
289 1 19
EURNZD, 240 Long
Elliott Wave Analysis: EURNZD Looking Higher Within Wave Five

EURNZD is moving higher now, trying to break out of a triangle which suggests that fourth wave correction can be finished. As such, there is possibility for a push up into wave five which has projected target zone near 1.5600 area that will be expected to be hit next week, especially if price will close today above 1.5385.

ChrisMark ChrisMark EURJPY, 240, Long ,
EURJPY: EURJPY 4H Chart.Bullish View, Buy after correction.
553 1 44
EURJPY, 240 Long
EURJPY 4H Chart.Bullish View, Buy after correction.

Good afternoon traders, EURJPY is showing strength for upside, with a good impulsive break up of the triangle after completing corrective wave IV. I am expecting to see more upside, after some correction (wave 4) which could be now or later. Either way, wait for some pullback like a flag and then join. Trade with discipline.

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