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Eurgbpsignal

EUR/GBP - Bearish Reversal - Wave PatternsFlash-back: I called the previous big drop: Down-trend unfolded with overlaps. Elliott Wave Analysis EUR/GBP labeled in an Intermediate degree (A)(B)(C) (red) sequence. Patterns: - Running Flat in Minor B (blue), sub-wave of Intermediate (A) (red) - Expanding Flat in Intermediate (B) (red) 1 - Expecting a pull-back and then a last drive on the up-side. 2 - According to how the last move unfolds, a Bearish Divergence will be used to trigger the down-trend. 3 Ending Diagonal needed in the last sub-wave of Minor C (blue) Many pips ahead!
Short
by Lionheart-EWA
8
EURGBP: Resisted by Waning MomentumEURGBP Timeframe: H4 Direction: Short Confluences for Trade: - Waning strength in bullish rally - Price at Horizontal Resistance - Likely to Breaking S/T Trendline - Stochastic Overbought momentum - Fundamentally, both nations have internal issues that have yet to be solved, it really depends on timing on the events release; do note that EU will comment on Italy's budget tomorrow Suggested Trade: Entry @ Area of Interest 0.8890 - 0.8930 SL: 0.8969 TP: 0.8767 RR: Approx. 2.16 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst