EURGBP, 4hr tf, buy the end of wave-4
I am expecting further upside in this pair.
Price currently retracing to complete wave-4.
Notice that wave-1 and wave-3 are almost same length.
Usually when the length of wave-1 and wave-3 is the same size, wave-5 gonna be the longest wave and it will have 1 : 1 : 1.618 comparison.
Buy EURGBP 0.8558
Stop loss 0.8530
Take profit 0.8638 (2.8R)
Use only 1-2% risk
Good luck
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.