Here is the previous wave count on the 4H:
I will be looking for bearish impulses at the 1.618 extension after wave-((c)) completes. The bull flag is inherent of a fourth wave sideways correction and indicates another boost or rally before the retrace.
Hey Traders! EURGBP has bounced at the "preferred" reversal level, meaning the AB=CD zig-zag completion. Limit is set at the previous wave-iv support on a lower TF with stop tightly placed below base of wave-i. If stop is hit, we have to re-evaluate the wave count and look for an even deeper correction. TP is placed at the top of previous wave-iii for a...
Hey traders! Here is an updated wave count on EURUSD. I'm looking for a bearish impulse to set off a potential wave-c. My preference is to sell the pullback on wave-ii-of-c and put a tight stop behind the start of wave-i. I will continue to update when waves complete or if I take a trade.
