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ElliottWavePro
Feb 18, 2017 2:28 PM

EURGBP - third wave 

Euro Fx/British PoundFXCM

Description

We've got a pullback from the MA, so there's an opportunity to have wave (iii) soon
Comments
ariosnamaku
is that MA 100 sir?
ElliotWaveTrades
Could we be looking at this scenario?

ElliottWavePro
@ElliotWaveStudent, yep, but in this case wave (iv) turns out to be much bigger then (ii), so it's an alternative scenario for me
ElliotWaveTrades
@IgnatBorisenko, Yes it does turn out larger than Wave (i). I did considered the completion of Wave (iv) at Point a.
But the guideline of alternation made me consider the alternate count other than a standard zigzag.
elyte
nice count
Olu
I agree with this idea. Brexit issues could hurt the £ going forward
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