EURGBP 1H Short Forecast
Three reasons why it will go down:
1. Very fast move up with little volume - Speed Index 4.2 - fastest up wave speed index compared to previous history waves
2. First Push down wave with Speed Index 32.1 - slowest down wave compared to previous history of down waves
3. Hard time to reach resistance level with the highest Speed Index of 13.9 of the last 5 up waves
Need to watch out for buyers on Support Level of 32.1 SI.
This is the result is according to our forecast so far. Will Fib be able to stop the down move? - check your 5 min
Conclusion: if you are able to read the market you have a much better probability of succeeding.