All posts by Grega Horvat

GBPUSD Trading In A Big Correction

Gregor Horvat

GBPUSD is moving sideways after pair recovered from that 1.1500 spike low where we see a completed wave three, so current structure is an ongoing fourth wave which can see more upside as we think that market can be in an A-B-C structure. That said, wave B triangle looks completed and current rally may be wave C, which can see limited upside around 38.2. more…

Elliott Wave Analysis: EURCAD And NZDJPY

Gregor Horvat

EURCAD: Current fall below wave A) swing low suggests that EURCAD can be in wave C) already which may continue south to 1.4100 or maybe even to 1.3930 ideal target. However, we must keep in mind that this is a corrective pullback from 1.4598; it’s a contra-trend move that will sooner or later send price back to bullish mode. Bounce in small five waves back to 1.4300 will put prices back in uptrend. more…