EURGBP Wave Set Up

EURGBP has potential to be forming a good set up for a long based on creating a new wave segment by rebounding off it's short term trend support (red line). Watch price action when it nears the line for a possible long entry and look for a target above point (3). If the trend line is broken and that break is sustained I would consider this idea invalidated.
Trend AnalysisTrend LinesWave Analysis

Also on:

Disclaimer