GBPJPY is probable to have a fall down if not a plummet after touching the line drawn in the chart or the upper one. Targets are also shown as the bottom lines. No financial advice; just my thought.
AUD/CAD will probably go short after the pullback is done. On the 4H chart, the last candle itself may cause a pullback and the fall might start from the next one. Stay tuned.
EUR/JPY is making its second shoulder, it will probably go for the neckline. After breaking that neckline, a pull back might take a place and our second target will be the length of the Head-Neckline.
After double top/ head and shoulder pattern was confirmed, the market couldn’t pass the neck line and is falling directly to the analaysed target. Stay tuned.
If EUR/AUD touches the channel, it will be rocketing afterwards to reach 1.67000 for TP1 and the last TP is the next fibo level which will be most prabably hit if it successfully pass this struggle.
This analysis has been done using Fibonacci retracement, Fibonacci time zone and of course with the greatest of all time Elliot waves. I hope this to be helpful for complete beginners.
