Hello, fellow traders. In this technical article, we’ll take a quick look at the Elliott Wave charts for the EURGBP forex pair, published in the members’ area of the website. As our members know, EURGBP is showing incomplete bearish sequences, suggesting further decline. The pair recently gave us a bounce in a 3-wave pattern, with […]
The $EURGBP Longer Term Cycles & Elliott Wave
The $EURGBP Longer Term Cycles & Elliott Wave Firstly as seen on the monthly chart below there is data back to January 1975 in the pair. The EUR part being derived from the German Deutsche Mark up until the point EURUSD currency existed. Secondly as seen on the monthly chart below I will describe how I think the […]
Pound Sterling Gains as UK Accelerated Vaccine Programme
Pound sterling continues to gain against other major currencies as the risk of a hard Brexit is now off-table. Last week, the currency also got a boost after Bank of England ruled out negative interest rate anytime soon. The Brexit issue has dominated the past few years. However, Pound Sterling now may finally start to […]
Elliott Wave View: Bullish Sequence in EURGBP Favors More Upside
EURGBP is correcting against cycle from 9/3 low as zigzag correction. Pair can reach blue box area soon where it can see 3 waves bounce at least from there.
EURGBP : Using Market Patterns to Trade the Move Higher
On September 3 2020 I posted on social media Stocktwits/Twitter @AidanFX “LONGSIDE EURGBP“. The chart below was also posted September 3 2020 showing that bullish market patterns were visible on the 4 hour chart calling for a move higher. Bullish Pattern (green) triggered BUYS at the XA 1.27 Fib. retracement level and the bullish AB=CD pattern […]
EURGBP Blue Box Provides Another Buying Opportunity
In this blog, we take a look at the past performance of 4 hour Elliott Wave charts of EURGBP, In which our members took advantage of the blue box areas.
