According to this count this pair is just making a correction for wave 4. We are still on a downtrend and fundamentals also support this bias.
We have also:
- ema 55 as resistance
- 0.38 fib retracement
- AB=CD pattern (visible on H4 chart) see below
Trade ONLY ONE GBP pair at a time.
Best regards
*****************DISCLAMER********************************************************************
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: @fxtrader2000
We have also:
- ema 55 as resistance
- 0.38 fib retracement
- AB=CD pattern (visible on H4 chart) see below
Trade ONLY ONE GBP pair at a time.
Best regards
*****************DISCLAMER********************************************************************
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: @fxtrader2000
