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Showing posts with label EUR/GBP. Show all posts
Showing posts with label EUR/GBP. Show all posts

Monday, February 27, 2012

Elliott Wave Analysis of EUR/GBP

From a thrust for the triangle this would look much better with a new high and setup for a big reversal lower, its tough to label it completed from the wave [e] of the triangle, but if this pukes much lower then going to have to force the count

Holding around the 382 retrace of wave [iii] is good as it suggests a wave [iv], a strong break under 0.8400 will suggest something more Bearish

Bulls need a break back above 0.8484