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.

BaseCase - EURGBP - daily - 12-03-2019 - 1
BaseCase - EURGBP - daily - 12-03-2019 - 1
BaseCase - EURGBP - weekly - 12-03-2019 - 1
BaseCase - EURGBP - weekly - 12-03-2019 - 1
BaseCase - EURGBP - 4 hr - 12-03-2019 - 1
BaseCase - EURGBP - 4 hr - 12-03-2019 - 1
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.


  Matched
x