EUR/GBP: Possible weekly bearish bat complete...
I have published on this bat before (see linked idea) and it seems that is has now completed, sooner than expected though (reason for suspicion...?).
The daily shows a possible wedge/leading diagonal although it could still turn out to be an ending diagonal in which case the count could be different (wave 3 instead of wave 5 ended within the diagonal).
We have some divergence on 4H and daily, but not very convincing...
The possible broken S/R level is a good level to trail SL to BE in case it reverses there and continues further up...
Also: GBP has been very weak...
It's possible to enter short at market but there is a triangle on the 15min so waiting for a confirmed breakout out of it is probably a wiser decision! Tight SL for me!
Trade with care!!
The daily shows a possible wedge/leading diagonal although it could still turn out to be an ending diagonal in which case the count could be different (wave 3 instead of wave 5 ended within the diagonal).
We have some divergence on 4H and daily, but not very convincing...
The possible broken S/R level is a good level to trail SL to BE in case it reverses there and continues further up...
Also: GBP has been very weak...
It's possible to enter short at market but there is a triangle on the 15min so waiting for a confirmed breakout out of it is probably a wiser decision! Tight SL for me!
Trade with care!!
Comment:
Still good, but SL now at BE, just in case it bounces again from that S/R zone...
Comment:
Possible bullish signs appearing so take profit on target 1 here!
