B/C Correction for E/G Before Descent To .8400?!
Here I have EUR/GBP on the 4Hr Chart!
Ever since EUR/GBP made its transition into a Downtrend from the High @ .86248 to Lower High @ .85928, Price has been strong on the decline eventually giving Break to the .8510 - .8500 Area.
This Correction Wave, based on the Fib Trend Ext Tool, has eyes on the Range Target of .84409 - 8405!
Before the Final Extension can happen, I suspect Price will need to make a Retracement to the Fib Entry Zone @ .84976 - .85133!
*Golden Zone @ .85032 - .85087
After which I will be looking to take Sell Opportunities to finish the Wave!
Indicators:
-Price Trading Below DSR
-Price Trading Below 200 EMA
-DSR + EMA leading to "Death Cross"
-RSI Below 50
-BBTrend Printing Red Bars
Ever since EUR/GBP made its transition into a Downtrend from the High @ .86248 to Lower High @ .85928, Price has been strong on the decline eventually giving Break to the .8510 - .8500 Area.
This Correction Wave, based on the Fib Trend Ext Tool, has eyes on the Range Target of .84409 - 8405!
Before the Final Extension can happen, I suspect Price will need to make a Retracement to the Fib Entry Zone @ .84976 - .85133!
*Golden Zone @ .85032 - .85087
After which I will be looking to take Sell Opportunities to finish the Wave!
Indicators:
-Price Trading Below DSR
-Price Trading Below 200 EMA
-DSR + EMA leading to "Death Cross"
-RSI Below 50
-BBTrend Printing Red Bars
Note
Finished the wave without the extra correction!
-Keep an eye out for an Impulse Wave to form!
"An investment in knowledge will pay the best interest." - B. Franklin
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
"An investment in knowledge will pay the best interest." - B. Franklin
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.