EURGBP 4H Wave Analysis
- EURGBP made nice 5 wave move to the downside
- currently sitting around horizontal support
- price under falling TL and right at rising longterm TL
- &Falling wedge formation
- Looking for catching a bigger retracement to at least 38% Fib
- Look for significant Price action and RSI divergence on lower timeframe and 4H
- Could lead to bigger turn, we'll see
*Have a look at my ideas of GBPUSD and EURUSD to get another ideas of upcoming moves this week.
This is for educational purpose only. This is no investment advice. Trade with demo account first before risking your own money.
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