Trader, analyst and instructor with a 6-year experience

AUD/USD: Elliott waves (Feb. 10)

Roman Petuchov for FBS

Daily. The pair continues building an upward impulse (v) of [v] of 1.

Chart. Daily USD/JPY

H12. We should make sure that the construction of wave IV has really ended. Consider the marking details in order to clarify this point.

Chart. H12 USD/JPY

H4. Wave IV looks complete; it took the form of a double Zigzag, which looks quite harmoniously. In the near future we will see a rise in USD/JPY, but let’s not forget about potential corrections.

Chart. H4 USD/JPY

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