FX:EURGBP   Euro / British Pound
414 9 0
Is 0.73-75 where this is going?! Or are we already on our way to 0.95+ and we're in a confusing correction?...
Hey Monk, great to see your perspective. I'm overall bearish on EURGBP. However, the GBP has strengthened a lot lately (even though so did the Euro at the same time, so it's not easy to understand which currency in the EURGBP pair will have a stronger retracement). The way I see it is that there is a likelihood that the EURGBP pair retraces to the 0.90 levels as you mentioned and then will go down to the 0.76 levels. I am sharing my chart here with you ... I think I'd rather wait and see what happens. Will certainly short at 0.90 levels! Tell me what you think.
Monk ChrisGrech
hey buddy... pls can you repost the link? it says its invalid. i really have no idea! i may take a short shortly...
Hey... sorry about that.
Monk ChrisGrech
if ur using EW, then the 12345s cant be used in such a way as they overlap and break the rules... do u know what i mean?
you mean that wave 4 overlaps the low of wave 1, right?
Monk ChrisGrech
yup... use abc's instead :) have a read...
Great! thanks a lot :)
Monk ChrisGrech
nps :)
Looks like we are going down.
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