EURGBP: Long setup
Analysis on chart, clear mode rising in the 4h chart, with the correction finding support at a previous mode, which also happens to be a 0.382 retracement of the first leg up, so I'd be tempted to call this a wave 1-2 but can also be AB pending C.
Either way, EW labels aside, it's a buy with a stop under the mode.
Good luck,
Ivan.
Either way, EW labels aside, it's a buy with a stop under the mode.
Good luck,
Ivan.
Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.