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Elliott Wave

GOLD → The market is testing 4K ahead of the Fed's decision FX:XAUUSD is testing $4,000 ahead of the Fed's decision, partially recovering from a 3.5% drop this week. The fundamental backdrop is mixed, but technically, the signs of a bull market are positive. Key factors : Fed decision (today): A 25 bps rate cut is expected, but the main focus is on the vote count and Powell's comments. A dovish scenario (emphasis on risks to the labor market) will support gold. A hawkish surprise will reinforce the correction. Trump-Xi meeting (tomorrow): Statements about lowering tariffs weaken demand for defensive assets. Gold is in limbo; in the second half of the European session and the beginning of the US session, the market may enter a phase of stagnation. Growth is only likely if the Fed takes a soft tone, while progress in trade negotiations or a hawkish surprise from the Fed will prolong the correction. Resistance levels: 4015, 4050, 4085 Support levels: 3975, 3945, 3900 If the bulls can hold their ground above 4K, we will see strong support, in which case growth to 4050-4100 may be triggered. Otherwise, the market may form a correction to 3975-3945. It is worth keeping an eye on comments from Powell and Trump... Volatility will be high... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
15
GOLD → Sell-off due to uncertainty FX:XAUUSD is falling, the trend is downward, and we have confirmation of this. Profit-taking is leading to a decline, which is causing buyers to exit the market... Caution ahead of the Fed: Markets are pricing in a 25 bp rate cut, but the main thing is the tone of the statement and Powell's comments on further steps. The USD is not ready to continue its growth and is starting to look downwards. The US government shutdown continues, adding uncertainty, which supports gold. However, an important issue is the trade deal between the US and China; a positive outcome could put pressure on gold. Gold is balancing between hopes for a trade truce and risks from Fed policy. Support levels: 3895, 3820 Resistance levels: 3943, 3975, 4015 Since the opening of the session, the price has fallen by 2.3%, which is an intraday range. The 3900-3895 area may see a reaction in the form of a false breakdown and a correction to the imbalance zone before a possible further decline. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
25
AUDUSD → Attempt to reverse the trend to bullish FX:AUDUSD is forming a correction after breaking through the resistance of the downward channel. The market needs a trading range or consolidation above 0.6526. The dollar is consolidating but is not ready to continue growing. Pressure on the currency is emerging ahead of the Fed meeting. This may support the growth of the Australian dollar. The currency pair is entering a distribution phase after consolidation. The breakout of 0.6526 triggered a break of the downward channel resistance. An attempt to change the trend is forming. If the bulls keep the price above 0.6526, this could trigger further growth. Resistance levels: 0.6567, 0.661 Support levels: 0.6526, 0.6493 At the moment, an attempt to change the trend has been initiated. Consolidation and distribution are a good sign, but above the previously broken trend line, a trading range should form, which will confirm the fact of a change in the local trend. Best regards, R. Linda!
Long
by RLinda
8
NIO — The Spark Before the Storm $10000⚡ NIO: The Spark Before the Storm — A New SuperCycle Is Born ⚡🚗 "The storm that started with Tesla is about to find its next wave." NIO just finished its deep correction of Wave 2 — and Wave 3 is ready to change everything. 🔥 🌩️ The Setup From hype to despair — that’s how every SuperCycle begins. After the 2021 peak, NIO collapsed into silence, grinding through a brutal 0.618 Fibonacci retrace. But markets don’t die in fear — they reset . And that reset is complete. Now, the chart shows what could be the first true SuperCycle ignition for NIO — the same point Tesla stood at a decade ago. 🌊 The Wave Map 1️⃣ Wave 1 (2019–2021) — The hype wave. EV mania, hope, and early adoption. 2️⃣ Wave 2 (2021–2025) — The cleansing wave. Fear, dilution, exhaustion. 3️⃣ Wave 3 (2025–2029) — The expansion wave. 🔥 Projected zone: $450 (1.618) 4️⃣ Wave 4 (2030–2032) — The reset. 5️⃣ Wave 5 (2032–2035) — The final mania. Every great company survives Wave 2… and dominates in Wave 3. 🧭 The Technical Pulse Major liquidity sweep below $8 → Smart Money re-entry. Break of Structure (BoS) confirmation above $10 = start of markup phase. Fair Value Gap (FVG) near $6–9 = accumulation zone. Fib geometry + historical rhythm = 3rd wave setup confirmed. Price is coiling under long-term resistance — the spring before expansion. ⚙️ Macro + Fundamentals EV market entering mass production maturity. NIO’s battery swap network gives it an unmatched recurring model. China’s stimulus & EV subsidies may reignite the sector. Market cap reset = asymmetric opportunity. This is where long-term conviction separates traders from investors. 🎯 Projection Timeline 📍 Wave 3 → ~$450 🔄 Wave 4 → $100–150 zone 🚀 Wave 5 → $10,000+ 💬 Final Take ⚡ NIO’s not dead — it’s recharging. When Wave 3 hits, disbelief turns to euphoria. 👇 Drop your take — is this the next EV breakout SuperCycle ? Follow for deep Elliott + Smart Money confluence setups. #NIO #EVRevolution #Wave3 #ElliottWave #SmartMoneyConcept #FIBCOS #Fibonacci #MarketStructure #TradingView #StockMarket #MacroCycle #Investing #WaveTheory #ElectricVehicles
NYSE:NIOLong
by fibcos
6
XAU/USD Completing Wave Y: Final Dip Before RallyGold has completed its major 5-wave rise and is now finishing a corrective W-X-Y pattern. The recent drop looks like the final leg of this correction, meaning sellers are getting weaker. Price may show a small bounce up and then one last dip to complete the correction. After that final drop, a strong new uptrend is expected to start again. In short: correction ending soon, last dip big bullish move ahead. Stay tuned! @Money_Dictators Thank you :)
OANDA:XAUUSD
by Money_Dictators
Bitcoin Rally Heating Up – Watch This Zone Carefully!As the new week kicked off, Bitcoin ( BINANCE:BTCUSDT ) started to climb, fueled by a pump in the S&P500 index ( SP:SPX ) and the creation of a gap in the S&P500 index. It seems Bitcoin has successfully broken above the 100_SMA(Daily) and 50_SMA(Daily) , as well as a Resistance zone($114,300-$113,000) . In fact, Bitcoin has also formed a new CME Gap($113,495-$110,990) due to this S&P500 Index -driven surge. Right now, Bitcoin is approaching the next key Resistance zone($118,740-$115,740) , Potential Reversal Zone(PRZ) , the Cumulative Short Liquidation Leverage($117,577-$116,731) , and the upper line of an ascending channel . From an Elliott Wave perspective , by breaking this Resistance zone($114,300-$113,000) , Bitcoin has entered a new phase of wave counting. It appears to be completing microwave 4 of the main wave C . Overall, the corrective structure seems to be a Zigzag Correction(ABC/5-3-5) with an expanding leading diagonal in main wave A . I expect that in the coming hours, after a pullback to the broken Resistance zone($114,300-$113,000) and those moving averages , Bitcoin might rise again at least up to the Potential Reversal Zone(PRZ) . There's a possibility of forming a larger ascending channel, but since we haven't confirmed a second top, we can't rely on that channel just yet. Note: In general, the crypto market in the past couple of weeks has been heavily influenced by news around U.S.-China tariffs. Any headline can cause Bitcoin and other tokens to swing up or down, so keep an eye on those geopolitical headlines. Cumulative Long Liquidation Leverage: $113,625-$112,175 Cumulative Long Liquidation Leverage: $106,033-$104,090 Note: If Bitcoin falls below the moving averages and the Resistance zone($114,300-$113,000) again, we can expect further declines. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
37
DXY Approaching 98.900 — Weak Labor Market Could Push Fed DovishHey Traders, in today’s trading session we’re monitoring DXY for a potential selling opportunity around the 98.900 zone. The index continues to trade within a descending channel and is currently in a correction phase, approaching the upper boundary near 98.900, which aligns with channel resistance. Fundamentals: Recent data continues to show signs of a weakening U.S. labor market, with job growth slowing and unemployment ticking higher. This softening backdrop increases pressure on the Federal Reserve to adopt a more dovish stance in upcoming meetings, potentially weighing further on the dollar. Next move: Watching for bearish confirmations around the 98.900 zone — rejection here could resume the broader downtrend. 💬 What’s your outlook on the Fed’s next move? Drop your thoughts in the comments!
TVC:DXYShort
by JoeChampion
6
Up again for goldHi traders, Last week gold made a correction up and another downmove for the finish of a bigger correction wave 4 (orange). After that price consolidated. So next week we could see the next impulsive wave up. Let's see what price does and react. Trade idea: Wait for a small correction down on a lower timeframe and a change in orderflow to bullish to trade longs. This shared post is only my point of view on what could be the next move in this pair based on my technical analysis. But I react and trade on what I see in the chart, not what I've predicted or expect. Don't be emotional, just trade your plan! Eduwave
OANDA:XAUUSDLong
by EduwaveTrading
"AEX to 20,000* — The Wave 3–5 Supercycle Has Only Just Begun"🌊 AEX – The Blueprint of a Generational Bull Market 🚀 Smart Money, Fibonacci, and Fundamentals all point to a generational bull run — are you positioned for the Wave 3 expansion? 💎📈 🌀 Wave 1 (1994–2000): Birth of Optimism 💡 Fundamentals: Tech innovation + globalization boom 🌍 Credit expansion & strong GDP growth 📈 🔢 Fibonacci: Initial impulsive leg, setting the 0–1 base for future retracements. 📊 Smart Money: Institutions accumulate early; public participation rises late. ⚙️ Price Action: Clear higher highs (HH) and higher lows (HL) confirm the new bullish structure. 🌧️ Wave 2 (2000–2009): Deep Correction & Accumulation Phase 💡 Fundamentals : Dot-com collapse, global deleveraging, QE introduction 🏦 🔢 Fibonacci: Price retraced 78.6% of Wave 1 — deep enough to reset sentiment but still respecting structure. 🧠 Smart Money: Classic accumulation — liquidity sweeps below prior lows; institutions quietly reload while retail exits. 📉 Price Action: Long accumulation base, range-bound market; demand zones forming. ⚡ Wave 3 (2020s–2030): Institutional Expansion Phase 💡 Fundamentals: AI, automation, and digital transformation 🤖 Green capital flows + fiscal expansion 🌱 Rising European corporate profitability 🔢 Fibonacci Extension: 2.618x of Wave 1 (~5600) = ideal target for Wave 3 climax. 🧠 Smart Money: Expansion leg — institutions push liquidity upward, generating FOMO. 📈 Price Action: Break & retest of key resistance (~1,000) Bullish order blocks hold Higher timeframe structure confirms macro impulse This is the “wealth creation” wave — power, volume, and velocity align. ⚡ 🌊 Wave 4 (2030–2038): The Great Reset Phase 💡 Fundamentals: Tightening cycle, inflation plateau, slower growth 📉 Rotation between sectors; global rebalancing 🏭 🔢 Fibonacci Retracement: Likely 38.2%–50% pullback of Wave 3 — shallow compared to Wave 2. 🧠 Smart Money: Distribution > Re-accumulation — liquidity engineered via W–X–Y correction. 📉 Price Action: Choppy market; liquidity hunts below supports before reversal. 🚀 Wave 5 (2038–2050+): Euphoria & Singularity 💡 Fundamentals: Tech maturity → productivity surge ⚙️ Global capital inflows & speculative mania 📱 Retail dominance, institutional distribution 📊 🔢 Fibonacci Extension: 3.618x (~20,000) aligns with parabolic blow-off top. 🧠 Smart Money: Final markup → engineered exit. 📈 Price Action: Steep parabolic structure; divergence signals top. 📊 Overall Market Structure & Smart Money Flow ✅ Higher timeframe structure → bullish continuation since 2009 ✅ Liquidity grab → accumulation → expansion → distribution → re-accumulation ✅ Fib extensions + price action align with macro liquidity cycles 💬 The Cycle in a Sentence: “Wave 3 builds fortunes 💰. Wave 4 tests conviction 💎. Wave 5 crowns legends 👑.” 📢 : 🔥 If you see this macro Wave 3 expansion forming before our eyes — ➡️ Smash that 👍 ➡️ Drop your AEX target below 👇 ➡️ Follow for weekly Elliott Wave + Smart Money insights 📊 — Team FIBCOS #AEX #ElliottWave #SmartMoney #Fibonacci #MarketCycle #PriceAction #EuropeanMarkets #Investing #MacroAnalysis #TechnicalAnalysis #WaveTheory #Stocks #TradingViewCommunity #BullMarket #AIRevolution #LongTermInvesting #Fundamentals #ElliottWaveAnalysis #Liquidity #InstitutionalOrderFlow
TVC:AEXLong
by fibcos
EURGBP Is Looking For A Larger RecoveryEURGBP Is Looking For A Larger Recovery with a complex correction from a technical point of view and by Elliott wave theory. EURGBP has turned around strongly this year and even broke above the downward channel connected from the 2023 highs. This suggests that wave C has ended at the lower side of a very big triangle, and the pair could still be recovering within subwave D. It may eventually reach the upper side of the pattern around 0.89 within W-X-Y formation, where wave Y can now be in play; ideally it will reach higher prices soon with break out from current triangle.
Long
by ew-forecast
"Smart Money Alert | RTS Index Could Hit 40,000+"🚀 The next big wave isn’t coming — it’s already forming. RTSI – The Birth of a New Macro Wave! 🌊 The RTS Index (RTSI) appears to have completed a multi-decade Elliott Wave cycle correction — setting the stage for a massive Wave 5 expansion. 📉 Wave Breakdown: 🌊 Wave 1: The early post-1998 surge — the birth of a new trend and Smart Money accumulation. ⚡ Wave 2: The healthy pullback that shook out weak hands while keeping higher lows intact. 🔥 Wave 3: The impulsive macro rally into the 2008 highs — peak euphoria and full market participation. 🌀 Wave 4: The long, drawn-out correction since 2008 — complex, choppy, and filled with liquidity sweeps. 🎯 Now, with price resting perfectly in the Golden Pocket (0.618–0.65 Fib zone) and showing accumulation footprints, Wave 5 could be ready to ignite. 📊 Confluence & Market Structure ✅ Wave 4 complete in Fibonacci support zone ✅ Liquidity grab beneath major structure lows ✅ Smart Money reaccumulation evident ✅ Structure shifting from range → markup 📈 Wave 5 Projection: The 2.618 Fibonacci extension aligns with a macro target near 40,000+ — a potential generational move if confirmed ⚡ 💼 Fundamental Context: Despite geopolitical pressure, Russian equities remain deeply undervalued relative to global peers 📉 Commodity resilience + improving liquidity = the perfect backdrop for a bullish macro rotation ⚙️ If this count holds true, RTSI may be entering its Wave 5 super-cycle — where disbelief turns into momentum and patience turns into payoff 🌠 💬 Trader & Analysts! Do you see the same wave count? Drop your analysis below! 👇 💎 Like if you believe Wave 5 is already loading… 🚀 — Team FIBCOS #RTSI #ElliottWave #WaveTheory #SmartMoneyConcepts #Fibonacci #TechnicalAnalysis #MarketStructure #PriceAction #Wave5 #MacroCycle #GoldenPocket #BullishSetup #FibConfluence #SmartMoney #TradingView #WaveAnalysis
RUS:RTSILong
by fibcos
6
Where the rally starts - SOL weekly update Oct 28 - 03rdAfter a pretty enduring phase of complex corrective movement, Solana presents itself with impulsive bullish structure today. As I said in my Ethereum analysis, the macro environment seems to be very bullish with rate cuts and a tariff deal between the United States and China may be incoming. So with that said, I think the upside opportunity in mid- to long-term could be large. But for short-term, the current market structure looks similar to Ethereum as we are unfolding a rather complex intermediate wave 2. For now therefore, I expect Solana to drop to around $182.10. This scenario is supported by the liquidation heatmap as it shows liquidity built up throughout the latest move up. Indicators like the RSI already showed overbought prices by the end of the move up, which is untypical early for a starting third wave. Not to forget the overall structure being rather slow whilst moving up, which also doesn't fit in the impulsive characteristics of the third wave. So the alternative would be, that this is the third wave, but as I said I think this is very unlikely for me. Overall Solana provides us a short setup. If you want to take that trade I recommend putting the stop loss at the latest local high or one percent above if you want to be sure and the take profit at the 0.764 retracement level.
BINANCE:SOLUSDShort
by Phillipklh
GOLD XAU/USD: Wave ((1)) Near Completion - Wave 2 Zigzag vs Flat GOLD: WAVE ((1)) COMPLETE - WHAT'S NEXT? Wave ((1)) nearly finished at ~$3,989. Next: Wave ((2)) correction to the $4,250 area. But which pattern? ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ZIGZAG (60% Probability) Pattern: A-B-C (sharp, V-shaped) • Wave (A): Sharp 1-2-3-4-5 impulse • Wave (B): Brief recovery (~30-40% of wave A) • Wave (C): Sharp impulse (~equal to A or 1.618x A) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ FLAT (40% Probability) Pattern: A-B-C (sideways consolidation) • Wave (A): Moderate move • Wave (B): Recovery that reclaims wave A (~80-120% of A) • Wave (C): Normally sharp 1-2-3-4-5 impulse (~50-120% of A) If price retraces 100% of wave 1 (above $3,956) Structure INVALID MY BIAS: ZIGZAG Wave 1 was powerful → Sharp corrections follow Support: $3,956 (invalidation level) Resistance: $4,150 - $4,200 - $4,250 IMPORTANT ELLIOTT WAVE RULES FOR WAVE 2: ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ✓ Wave 2 CANNOT retrace more than 100% of wave 1 (invalidation rule) ✓ Wave 2 CANNOT be a triangle (only B and (iv) can be triangles) ✓ Wave 2 CANNOT be a combination beginning with a zigzag (combinations only if starting with a flat) These rules help us eliminate possibilities and confirm structure.
ICMARKETS:XAUUSD
by EWaveInsights
NUAI - Corrective cycle just finished (8.8 Wave Rating)Every impulse wave has a correction. What goes up must come down. For NUAI, the time to come down has finished. You can see the end of the A, B, C cycle on a 15 min timeframe. Wave C closed with 4 subwaves down with the 5th subwave extending lower after hours. What's interesting with this correction is how high wave B extends past wave A, which shows great optimism in this market. Wave C also extends more sideways rather than straight down at a steep angle, which is another indicator of optimism. What I would expect next is a strong impulse wave to the upside. There's always a possibility of an extended correction, but given the high optimism here, I don't believe there will be. In terms of readability and movement, I would rate this elliott wave an 8.8. The waves are fairly easy to read and the movement is smooth and steady. In other words, the waves do not halt and stall for a long time. Just today, it was able to finish wave B and C, which is great movement.
NASDAQ:NUAILong
by ontemp
1
From Fallen Giant to Trillion-Dollar Titan — "BlackBerry"From fallen giant to future trillion-dollar titan. The world forgot BlackBerry… but smart money didn’t. 👀📈 Once the undisputed king of smartphones, BlackBerry (BB) collapsed under the weight of innovation it helped create. But while the world moved on, BlackBerry quietly evolved — transforming from a phone maker into a global cybersecurity, AI, and IoT powerhouse . Now, the charts and fundamentals whisper the same story: the comeback may already be in motion. 📈🔥 🧠 The New BlackBerry: The Silent Infrastructure of the Digital Age 🔒 Cybersecurity Backbone: BlackBerry’ s Cylance AI secures over 250M+ endpoints worldwide — protecting enterprises, governments, and critical systems. As AI-driven cyber threats rise, BB’s advanced detection tech is becoming a necessity, not a luxury. 🚗 Automotive Intelligence (QNX): Over 235M vehicles already run on BlackBerry QNX , trusted by automakers like BMW, Ford, Toyota, and Volkswagen. QNX isn’t just car software — it’s the operating system for the connected vehicle future . With autonomous mobility on the rise, every car is a potential BlackBerry endpoint. ☁️ IoT Expansion with AWS: Through BlackBerry IVY , co-developed with Amazon Web Services, BB is redefining how vehicles and smart devices share data securely. As the world connects billions of devices, BB could become the security standard behind the Internet of Everything. 🌐 ⚡ The Technical Confluence — Smart Money & Wave Theory Alignment 🌀 Elliott Wave 2 correction nearing completion — exhaustion where disbelief reigns. ⚡ Wave 3 ignition potential: historically the most powerful and extended wave. 💰 Smart Money footprints: liquidity sweeps, BOS, and accumulation in key zones hint at institutional accumulation. 📏 Fibonacci 0.786 retracement and 1.618–2.618 extensions align perfectly with historical reversal levels — high-conviction confluence for a generational setup. This is the phase where patience pays and noise fades . 💎 The Macro Mirror — History Doesn’t Repeat, But It Rhymes Every great tech story began in disbelief: NVIDIA (NVDA) was once a $3 stock before AI made it a trillion-dollar icon. Tesla (TSLA) was ridiculed before redefining transportation. Palantir (PLTR) quietly built data infrastructure before Wall Street caught up. Now BlackBerry stands at a similar inflection — undervalued, under-owned, and misunderstood . It’s no longer about phones — it’s about owning the digital nervous system of the future . 📅 Accumulation: 2024–2028 🚀 Expansion: 2029–2044 🌕 Euphoria: 2045+ "The world once held BlackBerry in its hand. Soon, it might hold the world in its network."🌍✨ Traders! 💬 What do you think — is BlackBerry quietly preparing to shock the world again? — Team FIBCOS #BlackBerry #ElliottWave #BB #SmartMoney #Fibonacci #IoT #Cybersecurity #AI #LongTermInvesting #TechRebirth #TradingView #ComebackStory
NYSE:BBLong
by fibcos
BTCUSD, ETHUSD bullish analysis and side-by-side comparisonBullish Elliott Wave counts, comparing BTC and ETH. ETHUSD looks to be in wave 5 of (3) of ((3)), which would suggest three major impulse waves up and two major corrections down. Key level of support is 3467.39. BTCUSD has more interpretations, IMO, but what I think is most clear is that if price returns to ATHs, that price would be in a wave 3 of an impulse that started off 74441.20 in April 2025. Wave 2 of this impulse would be an expanded flat, and key level of support is 103604.99.
INDEX:BTCUSDLong
by discobiscuit
BTCUSD – Completing the Final Leg of the Ending DiagonalTechnical Overview Bitcoin appears to be developing the final micro-structure inside Wave 5 of a larger ending diagonal pattern, which aligns with the broader weekly count. After the recent low near $103500, price began forming a corrective rise that may represent wave ABC OR WXY of the final push to complete the terminal pattern. The current 4H projection suggests that BTC will building subwave (C) within a potential W–X–Y structure. The next impulsive move could lift prices toward $130K–$139K, completing the upper boundary of the diagonal before a major reversal begins. Key Levels: Support / Buy Zone: 106 – 107k First Target: 120 - 124k Main Target Zone: 130 – 139k Invalidation: Below 99,744 (1.382 Fib level) which will invalidate the idea of extended wave B Summary: BTC is in the final phase of an extended ending diagonal, likely completing wave (5) of (V). The short-term setup remains bullish toward 130–139K, but traders should prepare for a major macro reversal once that zone is reached. Momentum divergences and weakening volume will be key confirmation signals for the top.
COINBASE:BTCUSD
by ahmadsaad83
1
GBP/USD | Inflation Softens as Cable Forms a TriangleThe pound continues to drift lower as softer UK inflation data fuels expectations that the Bank of England could begin easing policy sooner than markets anticipated. The stronger dollar backdrop and fiscal uncertainty in the UK add further weight to Cable. Technical Lens: On the daily chart, GBP/USD appears to be completing a contracting triangle within a larger corrective leg. I’m watching for one more push lower once this structure resolves, with the 1.3150 support zone standing out as the key area to test. That region also aligns with prior cycle lows and the potential termination of wave (y). Scenarios: If 1.3150 holds: price could base out and begin forming a recovery phase toward 1.34–1.35. If 1.3150 breaks: the next downside extension could confirm a broader continuation toward the 1.30 handle. Catalysts: Upcoming BoE commentary and next week’s UK GDP and CPI readings may provide the trigger for a break from the current consolidation. Takeaway: 1.3150 is the inflection point to watch as Cable completes its triangle against a softer UK macro backdrop.
by Alchemy Markets