i do not think eurgbp0.88% will go back up. a previous harmonic pattern is just completed and now we went in a H&S pattern which worked out perfectly so far. Also GU is moving upwards... lets see what next week brings but i am sticking with going further down to 0,7547 where 0,618 fibo lies. GU shows strenght which will indicate people believe UK wont quit. as...
friday's close gave me hope...theres no enough buyers yet. the best option is at 0,786 fibo...
well ...be or not to be..i count on this pattern and favoring GBP will result in lower lows
obviously climbing higher but Brexit is still questionable
Please if anybody good with harmonic points pls have a look and comment if the points taken are valid or not. much appreciated in advance.
if i have spent more time ...if... targeting 0,618 at 71,64
look at the ab=CD pattern and the 0,618 levels are an exact match..plus the previous H&S would confirm that
There's that blue line we gotta watch... potential H&S formed/ing....if not ones the blue line gets violated..go long...otherwise stay short