PipsUniversity

EURGBP - Bearish Gartley Into Wave 4 Before Catching Wave 5!

PipsUniversity Updated   
FX:EURGBP   Euro / British Pound
We have a nice potential Gartley about to complete around 0.79284, you can look to sell right there with your stop loss at 0.79550.

Your first take profit on this one will be 0.78660.

Once you close that trade, you should be looking to buy EURGBP into around 0.80000 which will most likely be the completion of wave 5.

Good luck! (Wave count may be wrong, however the Gartley still looks like a solid sell for everyone.

Watch out for GBP news tomorrow!

If you are in profit tonight around 30 pips, put your stop loss at break even so that way you can ride it through the news tomorrow.
Comment:
Expanding Triangle/Wedge in play now, looks to be heading down to 0.74, only look for sells at this point.

Will update charts in a few hours.

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.