Get started
JoeJagger

WEEKLY EURGBP ANALYSIS

Short
Euro / British Pound (FX:EURGBP)  
JoeJagger  
FX:EURGBP   Euro / British Pound
Trend Analysis Harmonic Patterns Chart Patterns EURGBP eurgbpshort eurgbpsell eurgbpbearish eurgbptrend eurgbpanalysis eurgbpforecast euroshort euro
3
0
trendanalysis harmonicpatterns chartpattern eurgbp eurgbpshort eurgbpsell eurgbpbearish eurgbptrend eurgbpanalysis eurgbpforecast euroshort euro
This is my long-term analysis of EURGBP. It has completed 4 Elliot Wave impulse waves and is preparing to begin the 5th wave down to complete the sequence.

The Fibonacci retracement from WAVE 1 rejected the 61.8% level, showing the trend is strong. Therefore my target for the end of WAVE 5 and completion of this trend/sequence is at the 161.8% level (0.8454). If I had to guess a time limit on this I would say 3 to 4 weeks.

I would then expect a correction wave.

Happy trading!
Joe

Related Ideas

JoeJagger
EURGBP 4H SHORT IDEA
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.