Thursday, 27 July 2017

EURUSD AND GBPUSD TO TOP AND REVERSE?

Hi Traders,

The Euro (now at 1.1729 ) and the Pound (now at 1.3139) achieved the targets. They could attempt another minor rally before staging a major top-&-reverse soon.

ELLIOTT WAVES

Check the weekly, daily and the 4-hour charts of both currency pairs: they show that they are on their targets. They also reveal that major wave 4 up is almost complete. 

Once wave four is fully unfolded, there is a very strong chance of a sharp and long downtrend.

NOTE: Both weekly charts show a "throw over", as anticipated in my previous POST.



EURUSD WEEKLY, click to enlarge





GBPUSD WEEKLY, click to enlarge





EURUSD DAILY, click to enlarge





GBPUSD DAILY, click to enlarge





EURUSD 4-HOUR, click to enlarge





GBPUSD 4-HOUR, click to enlarge







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