FX:EURGBP   Euro / British Pound
Dear community,

for those who appreciate a bit of a wilder ride read on. Those who don't, feel free to move on.

On a fundamental basis it is pretty much IMPOSSIBLE to predict what is going to happen with the UK and Brexit. Either way I believe the EUR will gain against the GBP - at least in the short term.

Having a look at the technical side I guess a picture tells more than a thousand words. I believe the EURO will rise and hit AT LEAST the 50% / 61.8% Fibonacci Retracement . If you would like to stretch it a bit more: A test of the upper trend channel is a possibility as a target.

If you like this idea, or if it even makes you some money feel free to follow me :)

Good luck!
Trade active: Perfect entry level for those who were patient enough!
Comment: The price came really close to my stop loss. The trade is still active and I will leave it as I opened it calculating the risk. The a-b-c should kick in sooner than later.

Good luck.

Comment: For all the SHORTIES out there, this is the overall picture. I believe that we will start a HUGE down move once the current a-b-c move is complete.

Comment: It looks like we have started building the A within the A-B-C. Now it's VERY important to keep an eye out if the A is built with an underlying a-b-c or a 1-2-3-4-5. What's the difference you ask? If the A is made up of an a-b-c pattern, the overlying correction is likely to be flat - whereas a 1-2-3-4-5 increases the chances of the correction being steep (that is what we want!).

Comment: Wave (b) could be complete at this stage - I believe wave (c) is in the making now.
we going now PHANTOM BEARISH
but it went the opposite way
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out