Sellpound
EURGBP to Start an Impulsive move !!the pair has been trading in a corrective extended complex wave, the last daily candles shows a change in the momentum, thus implying a bullish scenario ahead.
on the daily chart we can see an engulfing pattern as well which indicates a bullish pattern in view.
i would long this pair even after we saw a bearish candle in the last hours, from current levels.
Good Luck!!!
GBPUSD US ELECTIONS SELL LIMIT!!!!!!!!!the Pair traded in a range the last couple weeks, however the pattern shows that the upside momentum is still corrective for a
downtrend continuation. 7-9-11 swings are related to A,B,C corrective phases in Elliott Wave Theory.
tomorrow is the US ELECTIONS results so we will definitely expect high volatility trading, thats why i prefer to put pending orders ( sell limit ) orders near 1.3270 level
to short the pair and probably target 1.2390 the monthly engulfing pattern target.
Good luck
GBPJPY : Sharp downside will be expectedAfter failure of rising above 134.72, GJ continue to fall slowly.
Looking at Leading diagonal formed as five waves, we assume this pair will be bearish at least fifty percent of High low 134.72 / 124.11.
Selling pressure assume will end at 129.3 before looking for price action on buying opportunity.