W1 Elliott Waves and its structure (Head and Shoulders) and W1 Gann 45°.
According to Elliott Wave Theory , the price is likely to make a correction.
According to Elliott Wave Theory , the price is likely to make a correction.
According to Elliott Wave Theory , the price is likely to make a correction.
The British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. According to Elliott Wave Theory , the price is likely to make a correction.
I expected downward ABC but the impulse must be completed.
If we take a good look at it, wave 3 is about to occur in the H4 time period. This formation comes with a special force (F=ma).Targets are in a certain place.
Price continues in downward trend-in.
Money must be collected. People in the Sell orders will close their positions. Potential First target is 140.
I think that EURUSD can follow a path like in the chart. Of course it is not possible to calculate everything, so it would be good to have Stop Loss.