Euro / British PoundShort
EURGBP - Continuation To The Downside, Here's Why
For this setup we have:
-Minor ABC Elliott Wave count completing near the 0.91200 price level
-Major 61.8 Fibonacci retracement confirming the Minor ABC Elliott Wave count
-Minute ABC Elliott Wave count projecting to complete near the major 61.8 Fibonacci retracement
-The midline of Elliott Wave channel as resistance
-Previous structure resistance
Entries should be taken after confirmation of the area identified (Yellow Zone), look for candlestick patterns and divergence to form.
SL: 0.92100
TP1: 0.87860
TP2: 0.86990
TP3: 0.86400
Please feel free to send me a message in regards to any questions, feedback or suggestions that you may have.
Enjoy!
-Minor ABC Elliott Wave count completing near the 0.91200 price level
-Major 61.8 Fibonacci retracement confirming the Minor ABC Elliott Wave count
-Minute ABC Elliott Wave count projecting to complete near the major 61.8 Fibonacci retracement
-The midline of Elliott Wave channel as resistance
-Previous structure resistance
Entries should be taken after confirmation of the area identified (Yellow Zone), look for candlestick patterns and divergence to form.
SL: 0.92100
TP1: 0.87860
TP2: 0.86990
TP3: 0.86400
Please feel free to send me a message in regards to any questions, feedback or suggestions that you may have.
Enjoy!
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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.
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.