EURGBP - ANTICIPATING A FLAG BEFORE FURTHER SELLING PRESSURE

We can see that the GBP has gained a lot of strength in the past couple of days, something also backed by positive economic date. From a technical standpoint right now we could be seeing one more wave to the downside should my wave count be correct. Looking at the bigger picture I believe we could be in a FLAT or EXPANDED ABC Correction. I'll post a screenshot of the Daily TF perspective in the updates below.

Trade safe and do your own due diligence before executing a trade.

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The bigger picture

Kommentar:

ready for the move down?