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November 26, 2018

Ralph Elliott built a trading theory based on human emotions like fear and greed and used different market cycles to explain the financial markets’ moves. He divided the market swings into waves, impulsive and corrective, that explain every upward or downward movement of a market. The theory, ...

GBP/USD struggled to settle above 1.2880 and declined recently. USD/CAD is currently basing near the 1.3200 for the next upward move in the short term. Important Takeaways for GBP/USD and USD/CAD The British Pound is placed nicely above the 1.2770 and 1.2780 support levels. There is a short ...