EURGBP may be forming wave 3 to the upside. There was clear ABC correction after the 5 waves up. If this analysis is correct, the next swing should be strong and fast, and should aim to break past the top of wave [1]. I already started to build a long position gradually around 0.83 when I saw wave 5 of wave C seemed to end. The price action so far looks good. Let's see how the price reacts this week.
I trade forex, cryptocurrency, stock, futures mainly based on Elliott Wave principle.
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I trade forex, cryptocurrency, stock, futures mainly based on Elliott Wave principle.
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.