EURGBP - Great opportunity to the upside with R/R > 1/3 !

The overall trend looks Bullish here but we are in a, what seems, big Triangle (ABCDE) in wave B (green).
We should be in wave E, which is the last leg of a Triangle.

Know that on triangle price sometimes overshoots the trend line before turning.
But it needs to hold above the wave C low at 8620!

A rally above 9100 should confirm more upside possibilities.

You can enter long right now if you can afford it, or wait for price to move in 5 waves up and buy on a pullback.

Note

Note

Don't hesitate to like, share my ideas and
Subscribe to my FREE Telegram Channel for more updates
t.me/em16public

Note

The first count got negated as price went below 8620.
The alternate count might then be right.
Look at my futur posts about this for update or subscribe to my Telegram Channel (free)

Note

Updates here

ElliottWaveBelgium

Don't forget to like, share and follow !

Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public

Thanks !

Also on:

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.

ElliottWaveBelgium

Don't forget to like, share and follow !

Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public

Thanks !

Also on: