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pthomas1
May 7, 2017 3:38 PM

This is not for you Long

EUR/GBPOANDA

Description

What next for EUR/GBP ?

The Correction to the High achieved in December 2008 ended in July 2015.

Wave 1 of the new move upwards ended in October 2016 and was followed by a Corrective Wave 2 move downwards to a Fibonacci Re-Tracement level of 0.618.

This Corrective move also agreed with the end of sub wave 4 of the previous move upwards.

I now expect the upward move to continue into Wave 3 commencing with a break of 0.8855.

Trade closed: target reached

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