EUR/GBP SIMPLE ELLIOTT WAVES
EUR/GBP price made a bearish move to the mental post-brexit barrier and strong 1D support level.
We are currently following a comfortable Elliott-Wave pattern hitting A.B,C,D waiting on E
Daily Bearish hammer formed at 1D support level (0.833) which is a strong indication of a reversal.
Heiken Ashi candlesticks should turn Blue (Bullish) tomorrow if price follows reversal candle, setting price up for a bullish move towards 1D resistance
SL: Below 1D support
TP1: 0.86
TP2: 0.87
RISK/REWARD: 5.23
We are currently following a comfortable Elliott-Wave pattern hitting A.B,C,D waiting on E
Daily Bearish hammer formed at 1D support level (0.833) which is a strong indication of a reversal.
Heiken Ashi candlesticks should turn Blue (Bullish) tomorrow if price follows reversal candle, setting price up for a bullish move towards 1D resistance
SL: Below 1D support
TP1: 0.86
TP2: 0.87
RISK/REWARD: 5.23
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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.