The EUR/USD has reached the 100% Fibonacci target of wave C vs. A (green). If price corrects with a shallow retracement and shows a contracting formation, then the wave count will most likely change to a 12345 instead of the current ABC.
Within the
...The EUR/USD showed strong bullish momentum yesterday as price broke above the resistance levels (dotted lines). The wave count of the previous days indicated the likelihood of a bullish ABC zigzag (green). The break through the red dotted trend line also c
...The EUR/USD remains in the middle of the contracting triangle chart pattern. A break above resistance could see price move to higher Fibonacci targets.
The EUR/USD seems to have completed a bullish movement as part of an impulsive 5 wave (orange), w
...The EUR/USD indeed bounced at the support trend line (green) and Fibonacci level. Price is now approaching the resistance level (orange) and top of the contracting triangle chart pattern. A break above resistance could see price move to higher Fibonacci ta
...The GBPUSD pullback has retraced to the 23.6% and is building a bearflag chart pattern, the EURUSD is in a contracting triangle, the USDJPY is a consolidation and the AUDUSD is showing a pullback to the broken triangle.
