Elliott waves for Forex correlation analysis

Wave Analysis: As expected, the pair broke above 1.0544, headed long but is currently retracing to the lower side. Following the bearish engulfing candle witnessed at 00:00 earlier today, we expect further retracements to the lower side but should not go beyond 1.05441. Any clear invasion below 1.0

Wave Analysis: Instead of going short as anticipated, the pair retraced to the upper side and even broke above 1.2412 but is currently pulling back to the lower side. We expect the current bearish price rally to be a mere correction of the impulsive wave (c) and should not go beyond 1.234 from wher

Wave Analysis: As anticipated, the impulsive wave (c) traded massively short, hit our first take profit at 115.05, and is currently pulling back to the upper side. The daily chart is pretty much bearish and will likely push the price to the lower side for the better parts of this trading day, thus,