EUR/GBP - H4 - BULL
D1-
-The pair test the fibonacci retracement support level 61,8%, and already get a pullback till the 50% retracement level.
-It is possible that a support level could appear on that level.
-The pair is in the middle of a 2nd Impulsive Elliot Wave , that is a Bullish Sign
H4-
- Is possible that the pair could try to get back again to the 61,8% retracement level, or even to the 76,4% level
- Other scenario, the pair could fix a support level at 50% retracement level and go bull, a tweezer bottom candle pattern as we could at the graph is a good sign of that.
- Moving average(62), could show to us that the trend is bull, this would help, and even reduce the risk for a bad trade.
I will wait some more time and see what happens,
-The pair test the fibonacci retracement support level 61,8%, and already get a pullback till the 50% retracement level.
-It is possible that a support level could appear on that level.
-The pair is in the middle of a 2nd Impulsive Elliot Wave , that is a Bullish Sign
H4-
- Is possible that the pair could try to get back again to the 61,8% retracement level, or even to the 76,4% level
- Other scenario, the pair could fix a support level at 50% retracement level and go bull, a tweezer bottom candle pattern as we could at the graph is a good sign of that.
- Moving average(62), could show to us that the trend is bull, this would help, and even reduce the risk for a bad trade.
I will wait some more time and see what happens,
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