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rjdyerz

EURGBP 240 Analysis

Short
Euro / British Pound (FX:EURGBP)  
rjdyerz Updated   
FX:EURGBP   Euro / British Pound
EURGBP short Technical Analysis wavecount
4
0
eurgbp short technicalanalysis wavecount
EG seems to be forming a larger ABC to complete a 4th wave up. I'm expecting a 5th wave down with an overall target of 0.8421. Look for a reversal sign around the 50% retracement on the current leg.

Based on purely TA.
Comment:
Price has reached target. Hopefully everyone made some pips on the way down.
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