EURGBP Elliottwave Intraday View: Wait and watch strategy
Talking Points:
Technical Strategy: Turning Bearish
Elliottwave Count: We are in process of completing wave B.
HTG Note:
Near term outlook suggesting to have one more leg up towards 0.89523 where wave (B) can be completed, post that, we can expect temporary bearish correction kick off which can be targeted well below 0.8010.
Action
Wait and see strategy. No trade before it reach to 0.8040 area.
Technical Strategy: Turning Bearish
Elliottwave Count: We are in process of completing wave B.
HTG Note:
Near term outlook suggesting to have one more leg up towards 0.89523 where wave (B) can be completed, post that, we can expect temporary bearish correction kick off which can be targeted well below 0.8010.
Action
Wait and see strategy. No trade before it reach to 0.8040 area.
-- By Hoagtrading.com (Twitter: @Hoagtrading)
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