.786 Fibonacci level will be tested soon. Strong 4H divergence and choppy price action. Good opportunity to long this pair
Price is in a corrective structure forming an inverted head and shoulders. 0.50 Fibonacci level looks like a good target for one more push to the upside.
WXY formation clearly finishing its development. WXY corrections are each composed of 3 waves, making a total of 9 waves to completion. 0.786 Fib level aligns perfectly with the completion of this pattern, making it a strong confluence zone. Expect an impulsive wave 3 to the upside.
Wave to the downside is definitely expected from this area
Buy the wave 5 at completion of descending triangle formation
Good opportunity to get involved in this trade Elliot Wave Analysis
Last opportunity to get in this trade before continuation to the upside. Looking for buys on the retrace Wave Analysis
Expecting a wave 5 to the downside Elliot Wave Analysis
Expect a wave to at least the September Low. Elliot Wave Analysis