EURGBP weekly #study (ABCD Game?)

FX:EURGBP   Euro Fx/British Pound
224 0 0
What we see is an overbought bounce into the ema34 wave while trending down, something which is not necessarily bullish , instead its bearish .

Did we make a long term bottom here at the 0.618XA?

For higher we have to break the former key low(orange circle) which is confluent with the 0.5XA(key level) If that would happen we might have made a longer term bottom, and less change of completing the blue leg down.

For lower we have to break the low @ 0.78000 area
If that would happen there is a change of a bullish AB=CD Gartley @ 0.72000-0.73500 area
or a bullish bat pattern@ 0.69000-0.70000 area (both areas shaded in green)
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out