ElliottWaveBelgium
Long

EURGBP - Going long right now !

FX:EURGBP   Euro / British Pound
We got 4 waves down, so we expect price to go higher from here.

* Entry : Market price
* Stop : 8967
or 8925 (more conservative one - mine)
* Target: to be determined
Comment: I will post my ideas here for easier access first - Don't hesitate to join
https://t.me/em16public
Comment: Position closed out at break-even unfortunately.

Comments

Nice idea on EURGBP and there may be bullish bias as you have you have identified. For our set up, we have identified the key resistance and support levels for the short term. The first support that we have identified is at 0.8941 support level (100% & 61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap support). Stochastic is approaching its support at 3.8% where a corresponding bounce could occur. If a bounce does occur, we may look at 0.9073 (horizontal swing high resistance). Please have a look at our idea and share with us what you think.


Reply
@ICmarkets, Good one ! 9080 will be the zone to watch for me also if price goes higher or if price breaks the first support, I'll get out and limit my losses.
Reply
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