EUR/GBP
-Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio. For example, in impulse wave:
Wave 5 is typically 61.8%, 100%, or 123.6% of wave 1
-With GBP increased long positions EUR is looking very bearish
-Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio. For example, in impulse wave:
Wave 5 is typically 61.8%, 100%, or 123.6% of wave 1
-With GBP increased long positions EUR is looking very bearish