EURUSD Analysis1.A double bottom is formed at 1.2358.2.Volume data shows support near 1.2372/77/84.3.If ECB failed to satisfy the market, profit taking along with year end flow, we'll not be surprised to see a correction higher of the price.Trade Idea:1.Holding short position from 1.2480 and 1.2520.2.Reduce the position if daily close above 1.2475 or reach 1.2372/77/84.Also could attempt a tiny long position here, stop below 1.2358.3.Sell below 1.2358.4.Sell rally to 1.2678 (if we seen) against…See More
GBP has recovered against the USD but not for long. We still see only three wave rally from the low as shown on the updated count. As such, bearish waves should not be ignored yet, especially as wave C seems like completed rally around 1.5825. Further weakness is expected, but would love to see a break beneath the channel line to confirm new impulsive weakness in progress.GBPUSD 4h Elliott Wave Analysis…See More
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