Yo people,
I am looking at a potential long on Eur/GBP. The sentiment for Eur is risk on. If we look at the technicals, considering the Elliot wave pattern on the 4H TF we have perfectly completed 3 waves and are in a correction which is the 4th Wave. I am expecting the price to move down to 31 to 50% Fibo level which is the marked Red zone and then go long based on price action confirmation to 0.90 level which looks like the supply level.
Lets wait and watch and pls comment if you agree or disagree on the Idea and lets learn together.
Thanks
Madtradex
I am looking at a potential long on Eur/GBP. The sentiment for Eur is risk on. If we look at the technicals, considering the Elliot wave pattern on the 4H TF we have perfectly completed 3 waves and are in a correction which is the 4th Wave. I am expecting the price to move down to 31 to 50% Fibo level which is the marked Red zone and then go long based on price action confirmation to 0.90 level which looks like the supply level.
Lets wait and watch and pls comment if you agree or disagree on the Idea and lets learn together.
Thanks
Madtradex