EURGBP | Trading Signal | Swing | Elliott Wave (Apr ’20)

EURGBP | Trading Signal | Swing | Elliott Wave (Apr ’20)

Market: Forex Crosses
Symbol: EUR/GBP
Signal Category: Swing
Direction: Bullish
Order Type: Market / Limit

(Entry / Stop Loss / Take Profit)

The following trading signal on the EURGBP forex pair has been posted in the “Trading Signals” section.

EURGBP | Trading Signal | Swing | Elliott Wave | Summary

The EURGBP Trading Signal previously posted rallied into a bullish extension.
After the bullish Intermediate (C) (green) completed, the corrective phase commenced.

“Trading Signal | EURGBP | Intraday | Elliott Wave“

The correction has been labeled as a simple ABC swing (red).
Minor C (red) has been sliding in and impulsive manner, and now showing a possible reversal pattern.
In fact, several technical signs are appearing.

Ending Diagonal
Bullish Divergence
161.8% & 200% Fibonacci Extensions
61.8% Fibonacci Retracements

EURGBP could be preparing to rally in a bullish stance.

EURGBP | Trading Signal | Swing | BUY Orders

[wcm_restrict plans=”resident_membership”]

EUR/GBP – 4H Chart (picture)

EURGBP | Trading Signal | BUY Orders

Aggressive Entry @ Market price (approx. 0.8720) with SL @ 0.8525
Moderate Entry @ 0.8615 with SL @ 0.8430
TP @ 0.8850 / 0.8950 / 0.9050 / 0.9186

Safety measure: when in the green, moving SL to break-even.

EUR/GBP – 4H Interactive Chart

Ahoy my fellow trader,
Thank you for your interest in this article and the overall information I am proving.
Should you need any support or have any questions regarding the presented Wave Counts, please let me know.
I am most active and available via Telegram and Skype, feel free to shoot me a message.
As always,
Many pips ahead!
Richard

Fair warning and risk notice:
Trading CFDs or Foreign Exchange is risky and you should only invest what you can afford to lose, in a calculated manner.
All material presented by LEWA is not to be treated as investment advice and the analysis represents general market research.
Before you decide to take action, please be aware of the risks involved.
Trading is not for everyone and it should be treated with responsibility.
Besides a good strategy for a decent win over loss ratio, risk management is another key factor.

[/wcm_restrict]

[wcm_nonmember plans=”resident_membership”]