Euro / British PoundShort
EURGBP Short
During the previous couple of weeks we've seen EURGBP has been rallying in the S/R zone.
Taking an elliot wave move from the last breakout on resistance we can spot all five impulsive waves has been completed, and now heading to the corrective wave which currently its on it 2nd wave i.e wave B.
If this follows through we might see price breaking through the first support or the second support to produce a double bottom which in turn completes the 3rd corrective wave (the "C" wave).
Taking an elliot wave move from the last breakout on resistance we can spot all five impulsive waves has been completed, and now heading to the corrective wave which currently its on it 2nd wave i.e wave B.
If this follows through we might see price breaking through the first support or the second support to produce a double bottom which in turn completes the 3rd corrective wave (the "C" wave).
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.