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DylanMorgan

Possible Flat Channel Forming on EURGBP

Long
Euro / British Pound (FX:EURGBP)  
DylanMorgan Updated   
FX:EURGBP   Euro / British Pound
Wave Analysis wavetrading patterntrading flatchannel Flat patterns impulses corrections EURGBP
8
4
waveanalysis wavetrading patterntrading flatchannel flatcorrection patterns impulses corrections eurgbp
There is a possible flat channel forming here on EURGBP. To be sure, watch the bottom of the channel for a valid bounce before placing any trades.
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snapshot
We have received the bounce off the bottom of the channel as expected. Look to keep long positions until the top of the channel.
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snapshot
The trade reached the take profit.
Watch for a continuation pattern to join short on the pair.
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