The Elliott Wave analysis is the most powerful technical tool in the world. Understand what is going on in the markets is the first step to find a new trade. Did you know that without the proper context, the trading strategy can fail most of the time? What it makes a high probability trade is not the entry, for example, a breakout of a trendline, is all the analysis behind the scenes. Elliott wave provides that unique perspective to label the price swings and tells when to apply the trading strategy to trigger a trade.
This week the EUR/USD has all our attention, on the weekly chart is extending a wave three, and further bearish price action will be happening this week while XAU/USD is flying to the moon in a risk-on scenario.
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