Admiral Markets - Analytics

    Admiral Markets

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    EURUSD at Start of Wave 5

    4 hour EURUSD: the EURUSD down trend has most likely restarted when it managed to break below the consolidation bottom (dotted green). The next important support level is the previous bottom at 1.11 (green).

    60 min EURUSD: for the moment the most likely scenario is an extension of the wave count with another wave 1-2 (blue)


    4 hour GBPUSD: the break through the support trend line (green dotted) increases the chance of a larger wave X (blue) correction taking place.

    60 min GBPUSD: price could still be in the C wave (light blue).


    4 hour USDJPY: the wave X (purple) has been placed on the most recent top. Only a break above wave D (red) could complete wave E (red) at the most recent bottom.

    60 min USDJPY: an ABC (blue) most likely completed the wave X (purple).

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