In this case, according to my analisis, the EURGBP has retraced 50% from the last bullish swing, tested twice that level, has divergence against the RSI. I am going long up to the next support level, 100 pips.
i use basic elliot wave analisis, but mainly fib retracement/extension, support and resistance levels, divergence and japanese candles formation.
let's see what happens.
''You can always heal from being tired'' - Christopher Terry.
follow me on Instagram Luisgonzalo
i use basic elliot wave analisis, but mainly fib retracement/extension, support and resistance levels, divergence and japanese candles formation.
let's see what happens.
''You can always heal from being tired'' - Christopher Terry.
follow me on Instagram Luisgonzalo
Trade active
price moved 30 pips to the upside, testing last resistance/support zone, move SL to break even.Note
price moved to the downside. broke even. trade is closed
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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.