ew-forecast

EURGBP Trapped In A Triangle

FX:EURGBP   Euro Fx/British Pound
On EURGBP             we are tracking big triangle placed in fourth wave but still incomplete. We need five waves within a sideways move where wave (E) is still missing. Ideally price is now at the start of a new three wave bounce on hourly chart before market could turn down, ideally from around 0.7300.
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If the C point set up that is the butterfly pattern also set up 1.27 and 1.618
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Thank you for sharing as always
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You are welcome
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Thats the one.... I wonder if wave e will really be that big considering the catalyst dates. Lets hope it terminates cleanly.
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