In the daily chart above you can see a bearish flag formation in EURUSD with a large pole. Setup hasn’t materialized yet fully and it’s still trading within the flag though price attempted to break down below the flag. Since we are at the bottom, either the prices could try to go up and touch…
Here is the monthly chart of EURUSD. From October 2008 high around 1.6, we have seen EURUSD fall in 5 waves down to 1.034 level in Jan/Feb 2017, followed by ABC correction which saw a high of around 1.25 in February/March 2018. Now, we seem to have started a fresh 5 leg impulse down after…
Here is daily chart of AUDUSD on 27th August. We seem to be in wave 3 down currently which should go around 0.67374 level before we have a bounce in wave 4. Overall, this impulse down might go near 0.66 levels in days to come.