KVE
Short

EUR/GBP: Close to possible resistance, where will wave 5 end?

FX:EURGBP   Euro Fx/British Pound
153 0 9
3 months ago
Possible wave count on chart. We're getting close to a possible resistance zone with some fib confluence there...

Therefor I'm starting to look for shorts again, might be a very nice opportunity...

3 targets on chart!
3 months ago
Trade active: Shorted the top, 0.8702, will add if it goes up, at least until 0.8800...
3 months ago
Comment: Added another short at retest of 0.8700, it's looking good now...
15min. is getting oversold and we're getting close to a minor support area so it might go back up again soon..., if the up move looks corrective I will try to add another short at the end of the correction...
3 months ago
Comment: Very nice, I had a sell limit triggered at 0.8666 which I closed just now...
Retracing now at a major trendline..., if the whole move is a smaller degree correctiion then it might soon be over so I will be looking for an ABC zigzag to complete (if harmonic in nature then it may be an AB=CD which is close to completion...)
All stops should of course be at BE now (or better, like above possible wave B...)
Current situation:
snapshot
3 months ago
Comment: Nice reaction, this week's candle is starting to look like a nice bearish one but still 2 more days to go...
Looking at this now:
snapshot
3 months ago
Comment: First target on the initial idea is coming closer but we will have to break the trendline first...
We need a strong 5th wave... This and other possibilities can be seen here:
EUR/GBP 240 study
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out