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ElectricSoda

EURGBP very weak, GBP increased Long positions

Short
Euro / British Pound (OANDA:EURGBP)  
ElectricSoda  
OANDA:EURGBP   Euro / British Pound
Trend Analysis Wave Analysis EURGBP eurgbpshort
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trendanalysis waveanalysis eurgbp eurgbpshort
EUR/GBP
-Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio. For example, in impulse wave:
Wave 5 is typically 61.8%, 100%, or 123.6% of wave 1
-With GBP increased long positions EUR is looking very bearish
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