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JoeJagger

WEEKLY EURGBP ANALYSIS

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Euro / Paun British (FX:EURGBP)  
JoeJagger  
FX:EURGBP   Euro / Paun British
Trend Analysis Harmonic Patterns Chart Patterns EURGBP eurgbpshort eurgbpsell eurgbpbearish eurgbptrend eurgbpanalysis eurgbpforecast euroshort euro
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trendanalysis harmonicpatterns chartpattern eurgbp eurgbpshort eurgbpsell eurgbpbearish eurgbptrend eurgbpanalysis eurgbpforecast euroshort euro
This is my long-term analysis of EURGBP. It has completed 4 Elliot Wave impulse waves and is preparing to begin the 5th wave down to complete the sequence.

The Fibonacci retracement from WAVE 1 rejected the 61.8% level, showing the trend is strong. Therefore my target for the end of WAVE 5 and completion of this trend/sequence is at the 161.8% level (0.8454). If I had to guess a time limit on this I would say 3 to 4 weeks.

I would then expect a correction wave.

Happy trading!
Joe

Idea Berkaitan

JoeJagger
EURGBP 4H SHORT IDEA
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