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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

2017	EURUSD	GBPUSD	USDJPY
26 5月	Corrections Wave Analysis: Instead of going long as previously anticipated, this pair continues to correct downwards but should not descend below the thin green line shown above 1.1177, a break below this line will mean the corrective wave (iv) may extend lower but should not go below 1.1103 from where we'll 多	Buy the cable around 1.2777 Wave Analysis: Instead of going long as anticipated, the cable is still reluctant to rise above 1.3037, instead, this pair traded short and has even formed a bearish pin bar on the daily chart (yesterday's candle). During this intraday, we expect a possible bearish wave count with an ideal target 多	Bears on the wheel Wave Analysis: Despite the bullish engulfing candle seen on 23rd of this month, the price could not rise above the level 111.90, instead, the pair consolidated around this zone and is currently showing signs of possible momentum to the lower side. As long as the level 111.90 protects any invasion 多
25 5月	Bulls gaining control	We're long	Bears preparing to take control
24 5月	Pulling back	Potential buy positions looming	Maybe long but not for long
23 5月	Bullish continuation candle on the daily chart	Bulls still in control	Bears preparing to take control
22 5月	Euro still rising	Bulls in control	US Dollar preparing to continue short from 111.84

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Elliott waves for Forex correlation analysis

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