EURGBP Long Oportunity on 4H TimeFrame
Based on Elliott Wave model, I expect the price to move upward.
Price have done correcting with wave ii zig-zag correction of A-B-C, wave iii now in play, expect price to break the top of wave i.
Since it broke the top of previous wave 4, the setup is complete, long position can be opened with stop loss at bottom of wave ii.
I personally prefer to wait until stochastic bounce up or in oversold position probably in next 1-2 days.
Hope this analysis helps. If you find it useful, please leave a like and share this analysis.
Price have done correcting with wave ii zig-zag correction of A-B-C, wave iii now in play, expect price to break the top of wave i.
Since it broke the top of previous wave 4, the setup is complete, long position can be opened with stop loss at bottom of wave ii.
I personally prefer to wait until stochastic bounce up or in oversold position probably in next 1-2 days.
Hope this analysis helps. If you find it useful, please leave a like and share this analysis.
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