Following my previous idea of a target for EURGBP at around 1.3 ("see related ideas" below), here is a first trading roadmap in Daily timeframe for the next months.
I will update it following the evolution of the pair but the main idea is to buy the dip :)
As said in my precedent analysis a rebound took place at 1135. The target of it is 1200.
Once this level is reached, we should get to 950 with an intermediate level at around 1065.
Besides the harmonics and the counts, 950 is also an important level in Weekly.
It is clear that a reversal on WHEAT -0.60% will occur very soon.
WHEAT -0.60% is dealing with the 10 years lows and has reached an area of supply/demand from the back of the 2005. Price has also met an old trend, confirming the importance of the area.
Moreover we can see that a bullish Wolfe wave is being taken ...
ETHEUR is a perfect example of a bursting bubble and - like other bubbles - we can see on this chart that it is attracted by its mean.
2 target areas can be identified from extrem fibonacci retracements :
- the first one is very likely to be reached and price will surely fluctuate nearby (the mean)
- the second ...