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This is my read on this chart

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So... i will now show why i think that in the next weeks, EUR USD is short. Look first all the daily chart: We can note that, the yellow impulse is stopped by the rectangle resistance, that pushed down the price during 2018. Next, we have a complete impulse and it needs to be corrected by a corrective pattern. And... we can observe a divergence in macd at...

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Will the price go up to the rectangle before dropping again ?

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In my opinion, that wedge was the first of 5 elliott's waves. Now, i expect a zig zag for the second wave. I so expect a drop until 0.618 and, then, a new impulse pattern. Let's see in the next hours .

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As you can see in the hourly chart, i'm on a new forming 5 wave impulse, where we have wave 1, wave 2 and wave 3 that is on 261.8 fibo extension (less detailed grade). Now, entering in a more detailed vision, we have that wave three is completed (we can see also the wave 3 of wave 3 on 261.8 fibo "more detailed grade") . Now, considering that we are waiting the...

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This triangle will be broken soon. shot with TP as you see in the chart

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I have this situation in my chart, where the fifth wave ends to a strong dynamic resistance which we have in the weekly chart. we will se what is going to happen now.

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Waiting the finish of this corrective phase to purchase again.

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Is this a second impulse wave. I expect a drop to 0.61 to 0.7... . If this will be true, so i will buy it, running the third wave.

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Considering the larger down trend until now, i see this first impulse as the first wave of an impulse of larger degree. In this chart, we can see an impulse of 5 waves, where we have an extension of the fifth wave. We can check this using the fibo ret. We can see that the wave five is on the 0.618 of fibo. So, now i think that we can have a correction from 0.50...

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Maybe i did a mistake in the previous wave classification. I think that the last wave is a 5 wave extended .

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I think that this situation in the chart is a so colled throw-over. I see this because the max of wave 5 is pushed up the upper line of the channel and the wave 5 has increasing volumes. We are also on the level 1 of fibo extensions. So now i expect a new bear market.

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As you can see in the graph, EURUSD has done a full 8 waves cycle and this, in a larger degree, is the first and second wave of a new cycle. IMHO i think that the pair will follow a new uptrend, as you can see in daily chart. We will see that during the next weeks .

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By the applciation of elliott theory , i expect a short until that fibo level

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The pair prepares its descending. A new reaction was is coming. I see this by the fact that the price is touch the upper boundary of the trend and the volumes are descending.

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In this situation there are two scenarios, considering the macd divergence and the strong resistence in the upper zone. The first scenario is that the price will go up until the red trend but i'm not sure about that. We will see where this triangle will be broken. If the price will broke down this triangle, so I will go sell until the next support.

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As you see in the chart, i am expecting a short uptrend until this circle , that is a daily resistance, until the price can goes down.

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After a substantial drop in the usd / jpy, the market is most likely preparing for a nice price increase. In the current situation we see little pronounced candles and a directional movement. The stochastic oscillator then saw a cross in the lower boundary area and, if we look at the 14-period momentum, we see a divergence between the prices and the trend of the...