EUR/GBP: Possible bullish AB=CD at MA(100)

FX:EURGBP   Euro / British Pound
78 0 9
This for me is the min. requirement for an ABC zigzag in case this whole move is corrective.

Good idea to look for signs of the downtrend slowing down or reversing...
I'm not saying that it will but we need to consider it. Stochastics on this TF oversold, RSI has room still, on the daily also still room to continue down. Look to lower TF's to get confirmation!

Shorts: consider taking some profits!
Order cancelled: No go, the retracement was almost non-existent, now at the 1.618 which is for me the max. level to consider a simple ABC zigzag and is the alt 1.618AB=CD.

I think it will go down a little more to the MA(200) or thetrendline which lies below this...
Comment: It's beginning to look like it will make a 5-wave structure looking for wave 3 to end, see previous comment. This may still be part of a correction though (A wave = 5-wave structure).
Comment: We had some reaction...: I will stop updating this one and post further updates here until I see another trade opportunity:
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out