melvinljw

Elliot Complex 2/B wave about to complete on EURGBP

Short
FX:EURGBP   Euro / Sterlina
Looking like the complex wave is about to end with serveral key fibo levels pointing to 0.9075 as a key level to watch. This area lines up with the 61.8% fibo retracement level from the first down move.
This is tagged with a WXYXZ complex C wave correction that also hints at 0.9075 as a terminal point.

Looking for wave 3/C to unflold pretty soon. This should at the minimal take us down to 0.845 handle. (If it is a C wave). If there is a breadown further, then an impulsive 3rd wave cannot be ruled out.
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