In the analysis of this pair, I have noticed many things that greatly influence my analysis.
1) If we look for the history of the pair we will notice that it has been in an uptrend since 1985. You can search it on Google to check what I say.
2) If we look better the last year the price respect this "Super tendency" bounced on the trend line.
3) We could say that the last years (8-10), the price was corrected. (Zoom out I show you clearly)
4) With the confirmation of the last months that the price does not break the trend, start a new "Super Wave". (1), The price is close to completing the second "Super Wave".
*** Now leaving the weekly and monthly analysis aside, We focus on a smaller analysis of 4 hours and diary *** You can see the graph :)
Logically this is just an idea, you will invest at your own risk.
No forget Like my idea and Follow me , This week im gonna upload majors Elliot Wave Analysis .
If you can contribute something productive to my idea, do not hesitate to comment :)
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Complete the 2 big wave could take many weeks
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Correction
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Tomorrow Holiday Bank USD 10/11/2017 practically the week was finished for this pair.
If u like go short until 1.16247
Finish wave 4 we could expect go long until 1.1674 , later comes big correction .
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Trade stängt: Stopp nått
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I made a big mistake in the analysis, if someone follows the idea I belive u make 76 pips like me, We take advantage of a small bullish wave is the good thing. U could see the idea modificate here ....