Euro / Libra EsterlinaViés de baixa
EURGBP Short
Atualizado
I see two options for the EURGBP:
1) A Flat correction and
2) A Triangle
Minor wave 3 is complete thus minor wave 4 is underway. Wave 4 being a countertrend move will prove to have two options as listed above. I prefer to always think that the Flat will form but keeping my eye open for the potential reversal at the 0.618 level signaling a Triangle formation.
In my humble opinion, the flat should travel to approximately the 0.8400 level and if a triangle is forming it should reverse somewhere around the 0.8640 level.
Please forgive my wordy thoughts. Hope this idea works out better then my first one.
DISCLAIMER: This is not a trade call for others to follow, trade according to your trading plan.
1) A Flat correction and
2) A Triangle
Minor wave 3 is complete thus minor wave 4 is underway. Wave 4 being a countertrend move will prove to have two options as listed above. I prefer to always think that the Flat will form but keeping my eye open for the potential reversal at the 0.618 level signaling a Triangle formation.
In my humble opinion, the flat should travel to approximately the 0.8400 level and if a triangle is forming it should reverse somewhere around the 0.8640 level.
Please forgive my wordy thoughts. Hope this idea works out better then my first one.
DISCLAIMER: This is not a trade call for others to follow, trade according to your trading plan.
Nota
Here is the 60 min chart that shows it is going well. Now we can expect it to go bearish to the 0,8885 level where sub-micro wave 5 of micro wave 3 completes. It will be followed by a correction to approximately the 0,8970 price level. This is not a trade call, that is my trading plan, trade your plan.
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