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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

2019	EURUSD	GBPUSD	USDJPY
20 12月	Sell Euro towards 1.0955. Wave Analysis During the previous trading day, Euro continued slightly to the anticipated direction and is still very much bearish both on the daily and on the weekly. While the price is still held below the resistance trend line, we expect nothing but a possible momentum to the lower side, the id 多	Sell GBPUSD with your take profit at 1.2800. Wave Analysis Just as previously forecasted the cable rallied to the lower side and even went below the support zone 1.3012-1.3086. As long as the price remains below this zone, we expect further momentum to the lowerside. The previously anticipated three wave cycle has been invalidated, which mean 多	Sell the US Dollar with your take profit at 108.65. Wave Analysis As expected, the corrective wave (c) failed to continue upwards as previously forecasted and could not go beyond 109.70. Following this bounce, we expect further momentum to the lower side and could break below the previous day;s lowest low towards 108.65. But should the price break 多
19 12月	Sell Euro with your take profit fixed around 1.0880.	Wait for a bounce from 1.3012 to pick a buy.	On the sidelines.
18 12月	Sell euro towards 1.0920.	Buy a rebound from within 1.312-1.3086.	Wait for a bounce from around 108.70 to pick a low risk buy position.
17 12月	Sell Euro towards 1.0920.	Wait for a buy from around 1.3012.	Buy the Us Dollar with your take profit at 110.00.
16 12月	Sell Euro with your take profit at 1.0920.	Buy the cable with your take profit at 1.3620.	Wait for a break above the previous week's highets high to pick a buy.

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Elliott waves for Forex correlation analysis

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