EURGBP my ideal trade scenario
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For context and my previous post see link below:
We might have seen the bottom for wave 4 in green but I don't like the structure that followed to favor a bullish continuation from these current levels.
Nevertheless short term we see a bullish impulse on the 1 hour time frame.
Therefore we might see a buy continuation trade soon once we see a consolidation. I will buy the continuation. Once we see that what I expect to be the last leg higher I will be looking for a bearish reversal for a move towards 0.81.
If we accelerate higher from here we are good as well since the first trade will be a buy trade after a consolidation due to structure of lesser degree which can be seen on the 1 hour time frame.
Updates will follow and keep in mind that the arrows are indications.
timstuyts.com
/facebook.com/wwwtimstuytscom
We might have seen the bottom for wave 4 in green but I don't like the structure that followed to favor a bullish continuation from these current levels.
Nevertheless short term we see a bullish impulse on the 1 hour time frame.
Therefore we might see a buy continuation trade soon once we see a consolidation. I will buy the continuation. Once we see that what I expect to be the last leg higher I will be looking for a bearish reversal for a move towards 0.81.
If we accelerate higher from here we are good as well since the first trade will be a buy trade after a consolidation due to structure of lesser degree which can be seen on the 1 hour time frame.
Updates will follow and keep in mind that the arrows are indications.
timstuyts.com
/facebook.com/wwwtimstuytscom
Not
Moving almost exactly as we wanted for the perfect sell, watch for sell next week. But most importantly we saw that new wave up which completes a corrective extensive wave count in combination with many overlaps.Not
Not
EURGBP is moving as we wanted, I determined my minimum target zone for now (unless structure will change) A wave C never comes in one wave so if you didn't short EURGBP yet, wait for a consolidation and sell the continuation.updates will follow
Not
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