EURUSD Elliott wave analysis : dollar crash
Price had completed its 12345 Bullish impulsive wave than making abc correction to five impulsive wave. Wave c of correction being a parallel declining channel.
correction to five impulsive wave has already made 38% fib retracement. ABC correction can test low of 4th wave which is between 50% and 61.8% retracement of previous bullish trend. if this support level holds than you can rise 3rd wave of new trend followed by previous trend. since 3rd wave is always the longest you can get big pips with very low risk.
Fundamentally dollar is bearish and gold is bullish with bit coin
correction to five impulsive wave has already made 38% fib retracement. ABC correction can test low of 4th wave which is between 50% and 61.8% retracement of previous bullish trend. if this support level holds than you can rise 3rd wave of new trend followed by previous trend. since 3rd wave is always the longest you can get big pips with very low risk.
Fundamentally dollar is bearish and gold is bullish with bit coin
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