FX:EURGBP   Euro Fx/British Pound
302 0 18
5 months ago
The weekly time frame shows my preferred wave count for this bullish momentum . I just want to point out that the arrows are indicative, nevertheless these lines are drawn for a reason and I like to see them become reality.
I'm bullish in the short and medium term until proven otherwise. The 4 hour time frame shows a corrective pattern and I'll therefore be looking for the bullish continuation towards at least 0.870 before I expect the next consolidation to start.
snapshot


Updates will follow

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5 months ago
Comment: Price broke out of the channel and is currently testing last month's range. The month of the Brexit vote so let's see what the market wants. Updates will follow because I expect a response to this zone soon. I drew a potential wave count but this is indicative. However this would be ideal for the buy of wave 5 in Green out of 0.820 zone.
Updates will follow
snapshot
4 months ago
Comment: I still prefer another move lower and I was not able to buy EURGBP at the level shown in the chart. It would surprise me to see a new high from here so I favor either a more sideways consolidation dancing around 0.838 or another leg lower towards 0.823-0.820.
Updates will follow
snapshot
4 months ago
Comment:
snapshot

The EURGBP might have found the bottom we were looking for. I will be waiting for a consolidation before buying this pair since it still might make an attempt to move lower first. We also have to keep in mind that the European trading session for the week is over so let's see whether we will see a reversal or consolidation in the beginning of next week.
4 months ago
Comment:
snapshot

have a look at original post for context and targets
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