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Elliottwaveretracement

GBPJPY; POUND FACING MORE PRESSUREThe United Kingdom's employment data for the three months leading up to April revealed a higher Unemployment Rate of 3.8% than anticipated (3.6%). The results depressed the pound prior to Thursday's Bank of England (BoE) meeting. This follows the monthly GDP figure released on Monday, which revealed an unexpected drop in April and aroused concerns about the health of the British economy. The British pound was negatively affected by the possibility of a more dovish Bank of England and a Scottish referendum. In light of the most recent macroeconomic data from the United Kingdom, the Bank of England may adopt a more cautious approach to raising interest rates.
Short
by TradeyMarkets
AUDJPY: The bears have the upper hand.Coronavirus infections in Beijing have reached a three-week high, the highest since May 22, when the current outbreak saw a record number of cases. Beijing's public schools have been closed till Monday, and all sporting activities have been canceled. A significant chunk of the public transportation system was shut down, as were several retail malls and gyms, and millions of people were forced to work from home. After being pounded by aggressive Fed tightening forecasts, Asia's risk appetite is regaining ground. However, the Australian dollar fell because investors were concerned that the Federal Reserve would tighten monetary policy too quickly, which would harm the US economy, as demonstrated by US Treasury yields. US Treasury yields are up more than 20 basis points on the day, led by the 10-year note's benchmark rate.
Short
by TradeyMarkets
BTC Swing analyzehello friends. hope u are good. you can see in my chart that maybe we are in 4th wave and we can grow till 50% retracement level (or maybe 38.2 or 61.8) and after that we can fall. also we can see the RSI trendline breaked up and it can be the buy signal. we see a divergence between RSI and price that i show it in my chart with orange circles. we see the stoch momentum in oversold area. hope u enjoy my analyze.if you like it plz support me.thanks (this is not trading advise and you must trade in your own starategy friends.)
Long
by TraderAmin-KZ
Bitcoin What to Expect Next Week?As I've mentioned in my previous post BTCUSDT ended 4th wave of Cycle degree. The fifth wave has started since June 7th. We can expect the fifth wave of Cycle degree to be an impulse wave ((1)(2)(3)(4)(5) in graph). (3) wave is an impulse (i), (ii), (iii), (iv), (v). If it ended today we could expect corrective wave (a)(b)(c) in the beginning of the next week. After that wave (4) could continue or end. Correction could reach 29000 level as it is 0.618 level of wave (3). After the correction wave (4) is complete BTCUSDT should continue downwards.
by cnt_trading
AAVE LONG ? 126$?hey guys i update the aave chart that's chart make more sence for me now we had a 5 aves on aave stat the first wave on 27 may and at price 97$ and start a wave 2 correction end and start a big wave 3 umpulsive and it hit 124$ now we in wave 5 we have a nice correction we did a abc and now we doing an 5 waves traingle so i expect a wave 5 to the range around 125$-129$ quations why up why this correction s ? we had 3 wves up we in wave 4 so that's why correction why this supporting the up trend because i see the rsi i getting bullish on 115 min while we doing a lower low but rsi doing higer low so yeah be safe cya later
Long
by moad-legend
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