FX.co ★ mdouglas | Wave Wisdom: Mastering the Art of Wave Marking in Forex!

Hello traders, regarding EUR/USD, we have seen a slight upward movement, but not much. Similarly, with the pound, we would like to see a stronger upward trend yesterday as the first wave in the reversal of a series of third waves. If we do not update the minimum today, we will continue higher in the third wave in three in three in (C) or in (3) on the higher timeframe. If the pair decides to continue south and manages to break through, then we will have to play around with wave (C) in (2) in (3) in (3) or in (C) a bit more. I think we will then head south in the fifth wave in (C) in (2) in (3) in (3) in (C), down to the minimum of the previous fourth wave, and then a reversal. If in the current second wave in (3) in (3) in (C) we only have the first in (C), then we will have to reduce one large set of entries on the higher waves, and pull the first in (C) to the high, prolonging the correction southward for a long time in wave (2) in (C).