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Wave analysis

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Wave analysis of the Forex market or Elliott wave principle is the type of technical analysis considering price to be similar to ebbs and flows. All price movements on the Forex market are subject to two types of waves:
- Impulse, or motive, phase – the waves which move price up or down (shown by digits)
- Correction phase: waves that respond to impulse (shown by letters).

2015	EURUSD	GBPUSD	USDJPY
14 tháng Tám	Expect for the small correction development There no changes for this pair. As we expected, bulls didn’t manage to update the local maximum and, as a result, the correction formation has probably started. In the nearest time we shall expect for the correction continuation, after this the ascending movement will be proceeded. I remind that Thêm	Wait for the resistance level breakthrough! Wait for the resistance level breakthrough! The price cannot pass the resistance level. In this situation the risk of the fast decline is increase, so, ot is better not trade at this pair, although we can try to take the resistance level breakthrough, setting on the local maximum the pending order Thêm	Expect for the correction development will continue Expect for the correction development will continue. The pair stays the same here, it keeps trading in the correction. To finish the correctional model it is not enough to have the finished wave down. So, in the nearest time we shall expect for the impulse decline of the pair, during this the suppo Thêm
13 tháng Tám	Short correction pause	The pound stopped at the level again!	The pair is the correction
12 tháng Tám	The Euro went to the third impulse wave!	The Pound is ready to break the resistance level	Down to the correction!
11 tháng Tám	Expect for a further pair growth	The Pound went to the third upward impulse wave	Sell with a small risk!
10 tháng Tám	It is high time to buy!	Impulse pair growth is expected	Decline is expected

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Wave analysis

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