EURGBP Short - EW, WW, Ending Diagonal, Divergence, S/R, Pivots

21 באוג׳ 2015

EURGBP is completing a possible ending diagonal in a critical S/R zone. Entry below support provides a substantial R/R with possible profit targets at the wolf wave profit line and at the .5 fib which coincides with wave ((iv)) price territory. Bearish Knoxville divergence combined with two unhit daily pivots will likely drag the pair down from current levels.