Trading Signal | EURGBP | Intraday | Elliott Wave

Trading Signal | EURGBP Buy Orders | Intraday | Elliott Wave

Market: Forex Crosses
Symbol: EUR/GBP
Signal Category: Intraday
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.

Trading Signal | EURGBP | Summary

EURGBP rallied from Feb 18th, 2020, in what appears to be a valid impulse, in a C leg.
The overall Elliott Wave outlook would place the EURGBP pair in a wave 4 position, of a Minor degree.
EURGBP should be preparing to shoot on the up-side in a wave 5, which could present an extension as well.

Trading Signal | EURGBP | Intraday BUY Orders

EUR/GBP – 4H Chart (picture)

Trading Signal | EUR/GBP | BUY Orders

• Aggressive Entry @ Market price (approx. 0.8675) with SL @ 0.8560

• Moderate Entry @ 0.85875 with SL @ 0.8480

• Conservative Entry @ 0.84915 with SL @ 0.8375

• TP @ 0.8825 / 0.8900 / 0.89600 / 0.90115

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.