Vostiothenjo

EUR/GBP buy setup

Long
FX:EURGBP   Euro / British Pound
5
We see that there is a possibility of wave 4 being a shallow correction of the wave 3 since wave two was a very deep correction almost 80%. We are interested in capturing wave 5 which may probably be an extended wave since wave 3 was a normal wave. Our buy zone would be around 23.60% correction of wave three with confirmation on the lower Timeframes CHEERZ...

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.