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salsapete

EURGBP short

Short
Euro / British Pound (FX:EURGBP)  
salsapete  
FX:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Technical Indicators
8
0
trendanalysis chartpattern indicator
The EURGBP has been in wedge consolidation from Oct 2016 , having completed 4 waves.

Now looking for the 5th wave to move price down to trendline support.

Entry for short

1. At retest of support turned resistance at .9050.

2. Stop - above the monthly Pivot Point

3. Target - around the monthly S3 at .8630

RR = 3+
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