Fahad_4FX

Fahad_4FX

If it is true ABC formation, where wave exactly C = 1.618 of wave A, pair will drop down soon

Fahad_4FX

Euro/USD reflected in three waves up followed by three down, if it is true 3-3-5 pattern, next move will be 5 waves up

Fahad_4FX

As seen on the chart, there is solid trend line as support contains three waves, at least price will back 50% if there is more falling for wave C or to continue bearsh image, but until now bullish wave dominate the scene

Fahad_4FX Updated 

Previous analysis invalidated by broken triangle, situation now, is we can count 3-3-5 correction pattern where C = 1.618 of wave A, with bullish trend line as support, stop below of course, good luck :)

Fahad_4FX Updated 

I think it is triangle underway, if it is true, pair will continue rally as final push, usually triangles means waiting for important event or release just paus the trend temporarily

Fahad_4FX

If it is true ABC formation, Pair still have final fifth wave of C wave, in 131.930 A = C

Fahad_4FX

dropped as expected in previous forecast but, it falls in 3 waves only at least until now where wave C = 1.618 of A , it is common relationship in waves what it suggest buy signal !

Fahad_4FX Updated 

If we've ABC formation, C will be reverse point for the pair where it is 1.618 of A

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Most probably top in place, at least for mid term, USDCAD suggest strong rally, GBPUSD suggest USD bottom, today's jump of USDJPY also suggest preparation of new USD rally

Fahad_4FX

3-3-5 formation may be completed soon after that rally will start to complete final push up then drop down, it is short term scenario, good luck :)

Fahad_4FX

After brutal drop last week, long time support line may be working to stop downtrend and back to rally

Fahad_4FX

What a golden opportunity today , buy it now without any hesitation, so clear 3 waves go long immediately, good luck

Fahad_4FX

Just using trend line to predict the Pound near future, it is expected to fall to the trend line to find it is ground, that time will see if support will be broken or work ?

Fahad_4FX

I used inverted chart to make it easier to label the chart, maybe it is just one of the probabilities of the pattern, it is suggest it as an impulsive wave as something leading diagonal complete its wave 2 , if it is true soon will see EUR drop to begin wave 3 , in an original chart not invertide one ;)

Fahad_4FX

3-3-5 pattern almost complete in up trend , Buy it now

Fahad_4FX

ABC correction pattern is attractive to trade specially working perfect under downside trend line, Note in 133.039 wave C will be 1.618 of wave A, I think this pair will work on the drawing scenario, Good luck :)

Fahad_4FX

USDJPY dropped in corrective mode, if keeps the origin of the wave away of any hurt we can stay on this view, if ground broken , the door is open for other interpreted like 5th wave or B wave

Fahad_4FX

with refer to last GBPUSD trend analysis , you can see good support trend line, on this support line formed 5 waves followed by correction, Buy now , put stop loss one pip under origin of wave (pink line)