so let's take a look at the weakly and daily eur/gbp charts.
first of all our fundamental:
to make a big summery europe have italia france and germany in the red so at this point go long on the euro is a big no no!
gbp/usd should easily catch up the 1,42 level , so a nice move up from the gbp it self should take place.
now back at the charts!!!
5 th basic elliot impulsive wave. let's take a position trade on this one since we will lose some return wave 5th trying to swing it.
when you see wave even if it's the golden formation for swing traders, the best way to go with it is to take a positional trade.
first of all our fundamental:
to make a big summery europe have italia france and germany in the red so at this point go long on the euro is a big no no!
gbp/usd should easily catch up the 1,42 level , so a nice move up from the gbp it self should take place.
now back at the charts!!!
5 th basic elliot impulsive wave. let's take a position trade on this one since we will lose some return wave 5th trying to swing it.
when you see wave even if it's the golden formation for swing traders, the best way to go with it is to take a positional trade.