EUR - GBP going Short for wave C in Flat correction
Hi Traders
As we see after 5 waves up there is a correction ABC as a flat one 3-3-5 waves
we see A wave as 3 waves
B wave as 3 waves & at 1.13 of wave A as a perfect level
then we will go short to wave C
there is also a strong Key zone at 0.90800 and there is a rejection from it at the end of wave B 3 times & forming a little Head & Shoulders
This Zone also is strong at Pivots
The trend line is a good one ( red ) & has been broken & now is being retested for the 2nd time
There is a divergence in 1H in MACD
i see this level is perfect for going short to 0.88600 level
Good luck
As we see after 5 waves up there is a correction ABC as a flat one 3-3-5 waves
we see A wave as 3 waves
B wave as 3 waves & at 1.13 of wave A as a perfect level
then we will go short to wave C
there is also a strong Key zone at 0.90800 and there is a rejection from it at the end of wave B 3 times & forming a little Head & Shoulders
This Zone also is strong at Pivots
The trend line is a good one ( red ) & has been broken & now is being retested for the 2nd time
There is a divergence in 1H in MACD
i see this level is perfect for going short to 0.88600 level
Good luck