Olu
Short

EurGbp: Some Downside In Store - Brexit Or Not

FX:EURGBP   Euro / British Pound
97 2 5
Comments on the chart. Wave 5 has to finish first
Comment: Nice downmove today. But I need more. A break below 8591 will help this idea. So far idea is still in play
Comment: Last week's low has been taken out. Cautiously optimistic here. GB fundamentals are improving and this is reflecting in the eurgbp pair price
Comment: more downside today. helpful to the idea
Comment: The 4hr chart is pointing to the possibility of a retracement which should go no further than 8590 if this idea is to remain correct
Comment: Price is behaving accordingly...
Comment: Price is still behaving according to plan. Stops moved to protect profits and to allow me to stay in more
Comment: Price fell again today. This trade was initially based on a weekly chart and there s nothing here to say that the downside is over
Comment: Price has been falling for 2 straight weeks after putting in the doji on the weekly chart. Price also closed right at the lows of the weekly candle hinting the possibility of some continuation when the market reopens.
didn't expect the strong upmove today however it could b a fakeout move. will look at it and republish an idea
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I like to learn wave analysis please, my master. Nice analysis
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