Elliott Wave Analysis: AUDUSD and GBPUSD 

gbpusd analysis

Gregor - Author BIO photoElliott Wave Analysis: AUDUSD and GBPUSD


Aussie is on the rise, now seen in wave five after recent triangle formation in wave four, so ideally pair is in final stages of current leg up from June 01. We are looking at two potential resistance levels where current bulls may slow down. First resistance is at 0.7530 and second at 0.7560.


audusd analysis


Cable is turning down, so ideally pair accomplished a three wave recovery from 1.2770. If that is the case then we know that pair can be underway down to a new low, especially once wave B) swing low is broken. I was considering to look for trades on that one, but with UK elections on Thursday, not sure if we will get any breakout yet.


gbpusd analysis


Chech our new Elliott wave video about EURUSD at https://www.youtube.com/watch?v=Nxx_Qxbqnj0&feature=youtu.be

Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.



By Gregor Horvat

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