EURGBP close to top
My projected target zone for EURGBP was 0.975-0.80 as posted in previous analyses.
However price is finding resistance and I expect either a new impulse lower breaking below 0.6935 (previous low on daily time frame) or at least a three wave correction with wave C in progress.
Therefore I like to see a bearish break followed by a consolidation on lower time frames.
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However price is finding resistance and I expect either a new impulse lower breaking below 0.6935 (previous low on daily time frame) or at least a three wave correction with wave C in progress.
Therefore I like to see a bearish break followed by a consolidation on lower time frames.
timstuyts.com
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We saw a consolidation on lower time frames, (I used 1 hr time frame). However I believe this bearish move is part of only 1 wave and there should be a more significant correction follow once this wave is over. Then I expect a third leg lower. But we see strong corrections across the market so I'll place stop at break even and see whether I'll stay in the short until we see a break below 0.765.Not
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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.