GJ is showing a change of momentum despite the big fall on Friday. I read a elliot wave impulse cycle where it should form wave 5 followed by ABC correction to start a new trend.
Currently forming Higher Highs and Higher Lows, respecting fib levels. I estimate a 400 if not more pips in the next week or two.
Please not: Price may consolidate a little from where...
Price has returned to the big picture trendline resistance. it seems to have respected it and one candle broke out of the smaller timeframe Range. it is retesting that break now, and it will continue to fall.
Continuation after breaking above kumo cloud
After hitting target 2, we will form double top at a higher time-frame. suggesting a potential breakout to the downside
Look at chart for more details
Price has broken a ranging zone after 10months.
Currently forming a H&S at 4H view. wait for a bounce from it or bounce from trendline.
Very Long term - bullish
Pips expected: over 1500
Look at chart for graphical instructions
EUR/USD is currently forming a descending triangle at 4H. Dview suggest bullish.
When it completes the forth wave, ride the fifth wave to the upside if/when price breaks kumo cloud, in that case:
- Go long with first target being 1.21720 and if continues upwards and break that level;
- Second target will be 1.25600
- If price refuses to break 1.21720, proceed...