Thursday, October 6, 2016

Eurgbp: An Imminent correction to 0.8525?




Do you think we have a 5-wave impulsive rally here? The 5th leg of the rally could complete its 5th sub-wave at 0.8853 or form a double top with 0.8843.

According to the wave theory, a 3-wave decline usually follows a rally like this.

If price moves as expected and breaks below 0.8765, price may correct to 0.8525 and we don't want to miss this.

Follow us on our Telegram channel for updates and free trade signals.

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...