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December 19, 2018

How to Trade 5th Wave Failures

Failures are interesting and, at the same time, powerful concepts within the Elliott Waves Theory. They have a predilection of forming during corrective activity, but also impulsive waves can “fail.” Before anything, let’s review a bit the main idea of the Elliott theory. By counting corrective ...

EUR/USD Eyeing Upside Break While USD/JPY Downside

EUR/USD recovered recently and traded above the 1.1350 resistance to move into a positive zone. USD/JPY declined heavily and it seems like it could break the 112.25 support. Important Takeaways for EUR/USD and USD/JPY The Euro corrected higher recently and traded above the 1.1300 and 1.1350 ...