Darius
GBPUSD short - Correction before the big move to 1.39On GU I see the price dropping more to the downside before we will see the big move to the upside.
We are currently in the Wave 2 which is a correction. This will bring us to the Fib Retracement / Demand Zone on the daily and h4. From there we can expect the big move to 1.39
What do you think?
XRPUSD (Ripple) long - Still super bullish, Elliot WaveThis my Elliot Wave Analysis for XRPUSD.
For me this big drop was simply a big correction which was the Wave Nr 2. The correction should be done. As long as we remain above the 0.17$ this analysis is still valid. I do expect that we are going to up up till 1.50$ or higher within the Wave Nr. 3 which we already started.
What do you think?
XRPUSD (Ripple) long - M FormationOn the weekly timeframe XRP has a M Formation. So the price could go up higher. We already have enough Retracement to the upside, but the market has started a very nice impulsive followed by a correction on the daily timeframe. We could expect a deeper move to the upside on the weekly timeframe.
Long Term of course much more moves to the upside.
What do you think?
GBPUSD long and short - Supply DemandFor now I would like to see the market going a little bit more up before a nice drop to the downside.
The market is moving very nice in this downtrend channel. We are currently at the buttom. From here it should go up to give us a Correction after this impulsive move to the downside.