Wave 5 zone

Good evening Dynamic Traders,

The EURGBP has been moving up quite well since I mentioned it on Tuesday. It has moved up nearly 200 pips since I entered it. The chart below is a 4 hr chart which shows we could be producing a wave 5 (Elliott waves) so I'm now trainling my stop quite tight to the price on a smaller time frame. I would expect the market to pull back before moving up further. So those of you that may still be in this position you should have scaled out and/or be adjusting your stops as the price moves up.













EURGBP forex chart from Advanced Get

Good trading.