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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

2018	EURUSD	GBPUSD	USDJPY
12 1月	Sell euro around 1.2058 Wave Analysis Instead of continuing short as previously forecasted, euro pulled back upwards and is currently rallying around a key daily resistance level 1.2024. The previous move to the upper side is a mere corrective wave of the corrective wave (c) and should not go beyond 1.2058. This is a poss 多	Buyers gaining control Wave Analysis: During the previous trading day, the cable rallied with an increasing bearish momentum and even hit the lows of 1.3456 but ended up closing above its opening price. The previous day's candle is perfect bullish candle and as long as the price remains above 1.3507, we expect a possible 多	Still short Wave Analysis: Perfectly as per the previous day's forecast, the US Dollar rallied on the lower ranges and is still pretty much bearish both on the daily and the weekly charts. During this intraday, we're eyeing a possible break below 110.86 to pick a short position with a target at 107.00 or even 多
11 1月	Check for 1.20, possible sell location	Flat	Remain short with your target at 110.928
10 1月	Heading towards 1.1680	Rebuy the cable around 1.3515	Sellers gaining control
09 1月	Flat correction	Bulls in control	On the sidelines
08 1月	Long euro now	Still long	Remain long

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Elliott waves for Forex correlation analysis

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