Looking for a dip on EURGBP to somewhere near 0.834 level before deciding on next course of action
If this is a start of a downtrend (Wave 3), it should break below 0.834, as wave 3 is usually the strongest and largest.
If this is a corrective ZZ, expect this correction to terminate near 0.834 as wave C. Length of Wave A = Wave C
If this is a start of a downtrend (Wave 3), it should break below 0.834, as wave 3 is usually the strongest and largest.
If this is a corrective ZZ, expect this correction to terminate near 0.834 as wave C. Length of Wave A = Wave C
Comment:
Another count looks possible near 0.9 for a reversal. Either way, we should reach 0.834. Stop will have to be widen to potentially 0.91 and above