EURGBP: A change in outlook

The EURGBP is in primary wave 3 down of Cycle wave 1/A. It seems evident from the running flat correction  (that ended in a contracting ending diagonal wave C for primary wave 2) that the upcoming decline would most likely be the extended wave. Hence, If I were only trading currencies. This is what my trades would look like based on broad based analysis for the rest of the year.

Alternate count cycle wave V(red) is not complete and we are currently in a multiple zigzag wave 4 (Circle), hence we will avoid shorting the EURGBP directly, instead we will position ourselves in trades that are likely to work out regardless what occurs in the EURGBP but will profit handsomely if our preferred count works out


Short EUR/USD
Short NZD/USD
Short CAD/JPY
Short AUD/JPY
Short NZD/JPY
Long USD/CAD
Long USD/CHF
Long USD/NOK
Long GBP/AUD
Long GBP/CAD
Long GBP/NZD
Long Gold/CAD



Regards,
Ahmed Farghaly