PipsUniversity

EURGBP - Bearish Gartley Into Wave 4 Before Catching Wave 5!

FX:EURGBP   Euro Fx/British Pound
We have a nice potential Gartley about to complete around 0.79284, you can look to sell right there with your stop loss at 0.79550.

Your first take profit on this one will be 0.78660.

Once you close that trade, you should be looking to buy EURGBP             into around 0.80000 which will most likely be the completion of wave 5.

Good luck! (Wave count may be wrong, however the Gartley still looks like a solid sell for everyone.

Watch out for GBP news tomorrow!

If you are in profit tonight around 30 pips, put your stop loss at break even so that way you can ride it through the news tomorrow.
Comment: Expanding Triangle/Wedge in play now, looks to be heading down to 0.74, only look for sells at this point.

Will update charts in a few hours.
I love this! thanks for the update on this pair
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potential bat in play and C leg of ABCD
GBPCAD - 4h/daily
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Thank you for this.
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good stuff man
+2 Reply
Thanks! Who knows what the GBP news will make it do though, it'll probably blow this analysis up but, as of now this looks pretty solid.
+1 Reply
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