Elliott Wave Analysis: WAN/USD Trading Bearish

 | Aug 16, 2018 05:22AM ET

Hi traders,
WANUSD is trading in a beautiful five-wave decline, with final sub-wave (v) of three in play. Sub-wave (v) is now unfolding its five-wave minor move, which can look for support and a bullish turn near the Fibonacci ratio of 2.618. A break out of a the Elliott wave channel will confirm a three-wave recovery.
WANUSD, 4h