Morning!
Looking at the correlations in excel for today, EUR/USD + GBP/USD have a very positive correlation (93.9) for the hourly
This means USD is countered, i.e it becomes EUR/GBP >
also waiting on retracement from the FIB EXT level of 127.20%, this will complete D,
and will be a good time to sell if the price reverses from that area.
Elliot Wave - I have included a correction, (0ABC)
Be conservative on your trading, and look for entry points around the white line (0,72887) via a retracement of 127.20%!
All the best in your trading!
CharlieFX
Looking at the correlations in excel for today, EUR/USD + GBP/USD have a very positive correlation (93.9) for the hourly
This means USD is countered, i.e it becomes EUR/GBP >
also waiting on retracement from the FIB EXT level of 127.20%, this will complete D,
and will be a good time to sell if the price reverses from that area.
Elliot Wave - I have included a correction, (0ABC)
Be conservative on your trading, and look for entry points around the white line (0,72887) via a retracement of 127.20%!
All the best in your trading!
CharlieFX
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.