EURGBP: reversal finally?
EURGBP: the pair struck my long term target and started impulsive looking bounce. I am looking for 5 waves up to be followed by corrective pullback - then I could project next target to the upside and build more detailed count for possible rally.
Basically, larger degree analysis remains intact - and IF the count will play out we may encounter multi year rally; 1.01 area is nearest target while ultimate targets may be met in the 1.19 - 1.3 area.
Please note that we still far from confirmation of the scenario - so no need to rush with massive longs as the count supposes many attractive long entries on the way higher.