I can see a possible triangle for wave B. The alternative has wave A finishing one leg higher as a complex double three and will see wave B finish below 1.0712.
The trend is definitely bearish, but as we all know with this pair and the current happening, it all can sharp extremely quickly, so that’s why we need to be very watchful and make sure we have proper plan to avoid anything unnecessary. It helps a lot with broker like OctaFX, as they are awesome with having small spreads at 0.1 pips for all major pairs while there is over 70 instruments, negative balance protection, swap free account and much more, it’s all fantastic.
I was born on July 20th 1983. I have been trading since 2007 and using Elliott Wave analysis since 2008. I also use trendlines, fibonaci, candlesticks and various indicators to determine a future direction of price.
The trend is definitely bearish, but as we all know with this pair and the current happening, it all can sharp extremely quickly, so that’s why we need to be very watchful and make sure we have proper plan to avoid anything unnecessary. It helps a lot with broker like OctaFX, as they are awesome with having small spreads at 0.1 pips for all major pairs while there is over 70 instruments, negative balance protection, swap free account and much more, it’s all fantastic.
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