Open trading account 
Since beginning of 2013 when EUR/GBP has made the final swing high at 0.8800 level we have been trading in a steady way to the downside. Based on Elliott Wave we can count 4 waves of major degree and currently we are in the stage of developing wave IV. Usually based on Elliott Wave principles wave IV can take shape of big consolidation zone, a pause in the trend before the last and final low and the cycle to be completed. Right now wave IV is developing between the 0.7000 big round number and th…
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EUR/GBP Elliott Wave Analysis
Since beginning of 2013 when EUR/GBP has made the final swing high at 0.8800 level we have been trading in a steady way to the downside. Based on Elliott Wave we can count 4 waves of major degree and currently we are in the stage of developing wave IV. Usually based on Elliott Wave principles wave IV can take shape of big consolidation zone, a pause in the trend before the last and final low and the cycle to be completed. Right now wave IV is developing between the 0.7000 big round number and th…
EUR/GBP Elliott Wave Analysis
Since beginning of 2013 when EUR/GBP has made the final swing high at 0.8800 level we have been trading in a steady way to the downside. Based on Elliott Wave we can count 4 waves of major degree and currently we are in the stage of developing wave IV. Usually based on Elliott Wave principles wave IV can take shape of big consolidation zone, a pause in the trend before the last and final low and the cycle to be completed. Right now wave IV is developing between the 0.7000 big round number and th…
EUR/GBP Range Mode
Since beginning of 2013 when EUR/GBP has made the final swing high at 0.8800 level we have been trading in a steady way to the downside. Based on Elliott Wave we can count 4 waves of major degree and currently we are in the stage of developing wave IV. Usually based on Elliott Wave principles wave IV can take shape of big consolidation zone, a pause in the trend before the last and final low and the cycle to be completed. Right now wave IV is developing between the 0.7000 big round number and th…
EUR/GBP Breakout mode
I've posted this analysis that you're about to read in the Technical Analysis Contest, you can find the original post here: EUR/GBP Breakout Mode The moment I've made this forecast EUR/GBP was trading at around 0.7470 now we're trading at 0.7211.
EUR/GBP has started shifted to the downside once we broke the major support level of 0.7700(see Figure 1). This is a major support level since it was support level in 2008 and than in 2010, but once we managed to break and close below it the momentu…
EUR/GBP has started shifted to the downside once we broke the major support level of 0.7700(see Figure 1). This is a major support level since it was support level in 2008 and than in 2010, but once we managed to break and close below it the momentu…
EUR/GBP Breakout Mode
EUR/GBP has started shifted to the downside once we broke the major support level of 0.7700(see Figure 1). This is a major support level since it was support level in 2008 and than in 2010, but once we managed to break and close below it the momentum started accelerating and this is a strong sign that for now we're going to move in the direction of line of least resistance. Next major level comes at 0.7100 which was a strong resistance level from 2003 to 2008 when we finally broke to the upside.…
EUIR/GBP Downward Channel
Hi guys today I wanna share with you a trade pattern idea that I've posted in Technical Analysis Contest you can find the original post here: EUR/GBP Downward Channel
Since beginning of 2013 EUR/GBP has established an downward channel trading in an persistent bearish trend which has not found a bottom yet. Based on Elliott Wave count this is a bigger correction which is taking form of an double zig-zag pattern. Right now we're in the last stage of forming the last leg Y but we first we n…
Since beginning of 2013 EUR/GBP has established an downward channel trading in an persistent bearish trend which has not found a bottom yet. Based on Elliott Wave count this is a bigger correction which is taking form of an double zig-zag pattern. Right now we're in the last stage of forming the last leg Y but we first we n…
EUR/GBP Downword Channel
Since beginning of 2013 EUR/GBP has established an downward channel trading in an persistent bearish trend which has not found a bottom yet. Based on Elliott Wave count this is a bigger correction which is taking form of an double zig-zag pattern. Right now we're in the last stage of forming the last leg Y but we first we need a 3 wave movement(see red line Figure 1). We need a last rally towards the upper border of trading channel to form wave B and next another swing low below the 0.8100 level…
EUR/GBP - Correction Completed
From beginning of the year EUR/GBP was stuck into 0.8815-0.8395 range zone which recently was broken to the downside, but was a false breakout as the momentum started to pick up .This only suggest that the up trend from the 0.7753 swing low is in correction mode. Taking this in consideration the ABC correction of the entire up trend from the 0.7753 low was completed and formed the wave 4 of larger degree(see Figure 1).
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EUR/GBP - Correction Completed
From beginning of the year EUR/GBP was stuck into 0.8815-0.8395 range zone which recently was broken to the downside, but was a false breakout as the momentum started to pick up .This only suggest that the up trend from the 0.7753 swing low is in correction mode. Taking this in consideration the ABC correction of the entire up trend from the 0.7753 low was completed and formed the wave 4 of larger degree(see Figure 1).
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