rv
Long

EURGBP(Daily). Wedge-3 Drives potential.

rv  
FX:EURGBP   Euro Fx/British Pound
443 6 11
Potential Wedge , 3 Drives (Non-Ideal). IHS             measured target reached from the lows( Fibonacci confluence (5)), retesting support, with WW characteristics.
I don't think the ending diagonal is complete.
You need one zigzag per leg, and I think it starts a bit earlier than yours.
I foresee one new low then bang, up.
+1 Reply
rv IvanLabrie
possible of course. i agree with all, except the "need" per leg, sounds too much.
+1 Reply
Just going by the EW rules.
It could also be something else.
I'm also bullish here, I got out for now, waiting to go long again.
Saw my eurusd chart?
Reply
IvanLabrie PRO IvanLabrie
snapshot
+1 Reply
rv IvanLabrie
sure. but i have not mentioned EW on this one.
Checking on your chart as we speak. thks
+2 Reply
motleifaul IvanLabrie
I agree. We just saw a 38.2 % retracement of the previous fall. It looks like if it doesn't have the power to continue, so that the fall should go on.
Retracement done
+1 Reply
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