In my previous post I described why I expected EURGPB to be bullish in the short term. So far we seem to be correct. Therefore will a consolidation/bull flag give us a nice buy opportunity. Once wave C is in place a nice sell opportunity might present itself.
Nevertheless keep in mind that wave 3 of the impulse of larger degree might be extended. This leaves the possibility of a new high for wave '5' on the daily time frame open. So buying EURGBP after a trade entry might result in a new high. Updates will follow
Nevertheless keep in mind that wave 3 of the impulse of larger degree might be extended. This leaves the possibility of a new high for wave '5' on the daily time frame open. So buying EURGBP after a trade entry might result in a new high. Updates will follow
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