EURGBP appears to be on a medium-term uptrend that began on August 23rd at 0.84922. Here's how it's been progressing from Elliott wave perspective:
First, there was a move up to 0.86105 (Wave 1).
Then, an ABC correction in wave 2 brought it down to 0.85239.
The uptrend continued in wave 3, reaching 0.87094.
After that, a corrective wave 4 formed a triangle pattern and finished around 0.86328.
Currently, we're anticipating the start of Wave 5, which should break out of the triangle pattern, indicating an upward move. The best approach is to wait for the price to pass 0.86550 and possibly retest it on a shorter time frame before considering a long position.
Our target for this uptrend is 0.87405. This outlook becomes invalidated if price breach the 0.86103 price level.
First, there was a move up to 0.86105 (Wave 1).
Then, an ABC correction in wave 2 brought it down to 0.85239.
The uptrend continued in wave 3, reaching 0.87094.
After that, a corrective wave 4 formed a triangle pattern and finished around 0.86328.
Currently, we're anticipating the start of Wave 5, which should break out of the triangle pattern, indicating an upward move. The best approach is to wait for the price to pass 0.86550 and possibly retest it on a shorter time frame before considering a long position.
Our target for this uptrend is 0.87405. This outlook becomes invalidated if price breach the 0.86103 price level.
노트
The market has moved +75pips in our direction. It won't be a bad idea to close partial or be risk free.거래청산: 타겟 닿음
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.