EURGBP Wave Analysis
Updated
- EURGBP sits currently at Channel trendline around 0.85300 with acts as strong support
- Last week we got first move to the upside with set new highs on 1h/4H
- Yesterday market corrected strongly in 5-Wave manner to 89% Fib Level
- We have an engulfing pattern on 12H chart with retest of falling inner trendline
- Price already moved 40 pips to the upside since this morning
- Watching for correction to end so we can get early into the next upside move
- Target +200 pips
Note
Note
- 5-wave correction on 1Min chart- 1min Pinbar
- 6 Pips SL
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