EURGBP - a bearish count

13 בנוב׳ 2018

I would need to see price break below 0.8621 to have much confidence in this count but there are a few points that give it some hope, primarily the equality of waves i and ii and the fact the extended 5th wave is double waves i and ii. With all the Brexit doom and gloom though and plausible alternative counts that are bullish the Euro, this would be a brave trade, for me anyway.