FX_IDC:EURUSD   Euro / U.S. Dollar
86 0
Sterling ( GBPUSD ) Our calculations were Successful and we saw the decent decline from 1.5125 through 1.5030 gate so exact it drop at earth at 1.4900 as per calculated projective targets.
Well With this confidence and believe , we will process Next.
At this time , This pair is hardest to analyze according to Elliote waves and a lot of other elliote waves are struggling to find right counting on it but we are proud to be going as best counter and in sense.
For now its just and just a matter of breakdown 1.4890 then we will go to our next station which is historic number 1.4800.
From that point we may see little corrections, We think pound has upcoming strength can come any time fundamentally so we are aware of the facts.
We will be neutral and mentally bearish for now. Only 1.5050 break up will push us to think on BULLISH side and change our view so as far as we safe , Looking to downside. Be careful in neutral area mentioned.
Trading recommendations :
Stay neutral and wait for 1.4890 cross down clear then sell and stop will be 1.4950 and target will be 1.4800. More better is stay away from this pair
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