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RCP
Oct 30, 2015 5:50 AM

EURGBP: Awesome Trend Short

Euro Fx/British PoundFXCM

Description

Today while analyzing the market, I noted a very interesting moves on FX:EURGBP. Look close and see how price is moving harmonically. We see that diagonal support was broken @0.7209, since then price is in correction wave in a harmonic move. It is more likely to repeat the previous move-break the second diagonal support which is exactly parallel to the previous support and go even deeper. The best entry in this market is @0.72010 level, however, if price breaks the support before it goes high, then we see the 0.72010 level. So decide wisely and get in.
Green Luck
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