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njdfj
Oct 21, 2015 7:09 AM

EURGBP Bearish Against 0.7500, Short Setup Short

Euro Fx/British PoundFXCM

Description

On Daily chart, EURGBP 5 wave advance just ended at around 0.7480 which is the starting level of the Ending Diagonal.

On 60minute chart, 5 wave drop is visible and a subsequent correction might be ended at today's top. Short EURGBP against today's top.

Comment

Enjoying the euro weakness, target 0.7200 unchanged

Comment

Just a pip's shy of 0.7200 target.
I decided to remove 0.7200 limit to let the profit run.
And move stop to 0.7250
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