$EUR vs $GBP Daily Chart. Flat completed |#eur #gbp #forex #flat
Traders,
EURGBP dominant trend remains Bullish on the WEEKLY chart.
Since 6/10/2016 it has been in correction and has developed A (circle) and B (circle) corrective waves so far.
Right now, we are looking to sell the next impulsive C (circle) wave.
1 - Wave-A (circle) developed into a 5-wave motive structure, ending at 0.83045.
2 - Wave-B (circle) developed into a flat pattern, internal 3-3-5 structure (a),(b),(c) , ending at 0.89475.
3 - Wave-C (circle) could be developed into a 5-wave motive structure, ending close to 0.80300.
So with this internal structure we' re looking for a ZigZag pattern to complete near 0.80300, close to 50% fib retracement of 1-5 trend, where also A (circle) = C (circle).
-Longer term, after ZigZag completes, we should look for uptrend continuation.
Trade with Discipline.
Best
EURGBP dominant trend remains Bullish on the WEEKLY chart.
Since 6/10/2016 it has been in correction and has developed A (circle) and B (circle) corrective waves so far.
Right now, we are looking to sell the next impulsive C (circle) wave.
1 - Wave-A (circle) developed into a 5-wave motive structure, ending at 0.83045.
2 - Wave-B (circle) developed into a flat pattern, internal 3-3-5 structure (a),(b),(c) , ending at 0.89475.
3 - Wave-C (circle) could be developed into a 5-wave motive structure, ending close to 0.80300.
So with this internal structure we' re looking for a ZigZag pattern to complete near 0.80300, close to 50% fib retracement of 1-5 trend, where also A (circle) = C (circle).
-Longer term, after ZigZag completes, we should look for uptrend continuation.
Trade with Discipline.
Best
Not
Just an update, Watch price action this week, possible reversal point is now. Daily chart on the corrective wave.
Not
4H Chart, see the impulsive [C]-wave and how beautiful fib confluence is.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.