Trade
Sell EUR/GBP on a break of 0.7011
Stop 0.7045
Target 1 0.6902
I have labelled EUR/GBP as being in the midst of wave c of v of an ending diagonal.
It looks like wave 1 has been completed as well as a flat wave 2.
I am looking to enter on a break of wave b of 2 (0.7011) with my first target being 1.618 of wave 1 which is 0.6902.
RSI has held the 50-60 Bearish resistance and we saw a 2hr doji at c of 2.
Sell EUR/GBP on a break of 0.7011
Stop 0.7045
Target 1 0.6902
I have labelled EUR/GBP as being in the midst of wave c of v of an ending diagonal.
It looks like wave 1 has been completed as well as a flat wave 2.
I am looking to enter on a break of wave b of 2 (0.7011) with my first target being 1.618 of wave 1 which is 0.6902.
RSI has held the 50-60 Bearish resistance and we saw a 2hr doji at c of 2.