EURGBP
Short Setup
👉🏻 After a week's rise between zones marked here, from 0.84800 -> 0.87000, price has formed a significant double top at the resistance zone. Elliot Wave Theory wise marks the end of an impulse wave and is forming a corrective wave of a possible ABC, with a 3-5-3 movement. Invalidation may be placed above the double top
Short Setup
👉🏻 After a week's rise between zones marked here, from 0.84800 -> 0.87000, price has formed a significant double top at the resistance zone. Elliot Wave Theory wise marks the end of an impulse wave and is forming a corrective wave of a possible ABC, with a 3-5-3 movement. Invalidation may be placed above the double top
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.