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Elliott waves for Forex correlation analysis

William Gann was born in 1878. Trying hand at stock exchange where he used his own funds, he released that a special expertise is required to trade. He researched the market and could calculate a precise time of reversals even for the year before.

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Elliott waves for Forex correlation analysis

2020	EURUSD	GBPUSD	USDJPY
14 8月	Remain long towards 1.18782. Wave Analysis During the previous trading day, nothing much happened on this pair, EURUSD ended up closing below the Wednesday's highest high. As it is now, we expect either a continuation to the upper side towards 1.18782 and could breakout to the upper side. the anticipated bullish price rally i 多	Expect a possible bearish correction towards the supportive trendline. Wave Analysis Last week, we saw a new high when the British pound ended up around 1.31650 but could not breakout any higher. As it is now, we are expecting a possible correction to the lowerside but should not go below the supportive trend line. We are basically waiting for a correction to the l 多	Remain long towards the upper trendline. Wave Analysis After bouncing off from the supportive level 104.671, the Us dollar continued to the upper side but is still several pips away from our target set along the upper trend line, as it is now, we are waiting for a bounce from the upper trend line to pick a possible long term sell position 多
13 8月	We're short from the upper trendline.	Expect a possible momentum towards 1.30194	Look for buy positions towards 107.015.
12 8月	Remain short towards 1.16060.	Wait	Wait and buy a break above the level 106.760 towards the upper trendline.
11 8月	Remain short towards 1.15590.	Remain short	Expect further momentum to the upperside towards the upper trendline.
10 8月	Wait	Remain short towards 1.29580.	Remain long upon a break above the upper trendline.

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Elliott waves for Forex correlation analysis

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