EURGBP, Ready to sell for retracement
Reasons to SELL
1/ complete 5 wave impulse movw which can be wave 3 or wave c
2/ A bearish divergence
3/ waiting for a breakout of the valid bullish trend
4/ A Shooting star candlestick pattern at a strong resistance
expecting to trade the correction of the whole impulse wave
to minimum of 38,2 or 50% Fibonacci level
Therefore we are trading either wave 4 correction or we are trading anew impulse wave
Write in the comments all your questions and any instruments you want me to analyze .
Kindly push the like button if you think the idea is useful - that would be the best THANK YOU.
Thank you.
1/ complete 5 wave impulse movw which can be wave 3 or wave c
2/ A bearish divergence
3/ waiting for a breakout of the valid bullish trend
4/ A Shooting star candlestick pattern at a strong resistance
expecting to trade the correction of the whole impulse wave
to minimum of 38,2 or 50% Fibonacci level
Therefore we are trading either wave 4 correction or we are trading anew impulse wave
Write in the comments all your questions and any instruments you want me to analyze .
Kindly push the like button if you think the idea is useful - that would be the best THANK YOU.
Thank you.
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