EUR/GBP SIMPLE ELLIOTT WAVES
EUR/GBP price made a bearish move to the mental post-brexit barrier and strong 1D support level.
We are currently following a comfortable Elliott-Wave pattern hitting A.B,C,D waiting on E
Daily Bearish hammer formed at 1D support level (0.833) which is a strong indication of a reversal.
Heiken Ashi candlesticks should turn Blue (Bullish) tomorrow if price follows reversal candle, setting price up for a bullish move towards 1D resistance
SL: Below 1D support
TP1: 0.86
TP2: 0.87
RISK/REWARD: 5.23
We are currently following a comfortable Elliott-Wave pattern hitting A.B,C,D waiting on E
Daily Bearish hammer formed at 1D support level (0.833) which is a strong indication of a reversal.
Heiken Ashi candlesticks should turn Blue (Bullish) tomorrow if price follows reversal candle, setting price up for a bullish move towards 1D resistance
SL: Below 1D support
TP1: 0.86
TP2: 0.87
RISK/REWARD: 5.23
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