celescu

whats happening in eurgbp?

FX:EURGBP   Euro / British Pound
115 0 0
wave 2 finished a 50 % wave 1
wave 3 finished at 2. 618 retracement
wave 4 is a contractive and complex wedge a-b-c-x-a-b-c double zigzag , actually named WXY
wave 4 must not overlap wave 1 or the count is invalid. SL if buy below 0.8175
wave 5 will be around wave 1 long 296 pips. TP if buy after wave 4 finish (soon): 0.8200+.0296: 0.8500
wave 5 fail overcome wave 3. If this is true, a strong correction will happen until 0.7800

more info about elliott wave theory spanish blog

http://piensaenforex.blogspot.com.es/
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