Forex Elliott Wave  Analysis

Elliott Wave Principle reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns. If you can identify repeating patterns in prices, and figure out where in those repeating patterns we are today, then you can predict where we are going in the future.
The pair can grow.

The third wave 3 of the highest level is forming. Locally the entering momentum of the lower level (i) of iii of 3 and correction to it (ii) has formed. If the assumption is correct, the pair will grow to the level of 1.0280. The level of 0.9963 is critical for this scenario.

Trading scenario

Buy the pair from the correction above the level of 0.9963 with the target at 1.0280.

Alternative scenario

The breakout and the consolidation of the price below the level of 0.9963 will let the pair to lower to the level of 0.9800.

Elliott

Elliott Wave Theory in Forex. … This is what makes Elliott waves so appealing to traders. It gives … One important quality of Elliott waves is that they are fractals.

Forex

Pearl Capital Markets has been providing Wave Forecasting Services of Markets in Stocks, Commodities & Forex(Currencies) consistently over a period of time which has been generating profitable Trades.

Scenario

Timeframe Weekly
Recommendation BUY
Entry Point 1.0077
Take Profit 1.0280
Stop Loss 1.0000
Key Levels 0.9800, 0.9963, 1.0280

Alternative scenario

Recommendation SELL STOP
Entry Point 0.9950
Take Profit 0.9800
Stop Loss 1.0010
Key Levels 0.9800, 0.9963, 1.0280

 

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