TradingView
Fxprotrader
May 17, 2016 7:22 AM

EURGBP Buy Setup At Key Level Long

Euro Fx/British PoundFXCM

Description

After a sharp impulsive drop, price is now in acorrective structure having already completed waves A, B of a potential ABC pattern. Wave B looks like is completed with a smaller ABC pattern, with C wave at a long term key level. That's a very nice spot to go long trying to catch the larger C wave.

Entry price: 0.78034
Stoploss: 0.77290
Profit targets: 0.79977, 0.80713


Comments
sbeavis
Hi there, I really like your idea but aren't you at all worried about the Brexit influence on the Pound, or are you banking on the Pound getting weaker? Cheers
Fxprotrader
I only use technical analysis to trade.
More