EURGBP Tech. Analysis: Elliott Wave & Harmonics.
* Harmonics Pattern: Bullish Cypher
* Elliott Wave Pattern: Running/Expanded Flat in (B) (red)
* Supply Zone
* Fibonacci Extension & Fibonacci Retracement: Confluence
EURGBP Long: My Trade on the FED Press Conference (FOMC/FRED)
* Entry @ 0.85100
* SL @ 0.81500
* TP @ 0.91985
This is a trial trade for a potential swing and add longs thing.
Many pips ahead,
Richard, the Wave Jedi.
* Harmonics Pattern: Bullish Cypher
* Elliott Wave Pattern: Running/Expanded Flat in (B) (red)
* Supply Zone
* Fibonacci Extension & Fibonacci Retracement: Confluence
EURGBP Long: My Trade on the FED Press Conference (FOMC/FRED)
* Entry @ 0.85100
* SL @ 0.81500
* TP @ 0.91985
This is a trial trade for a potential swing and add longs thing.
Many pips ahead,
Richard, the Wave Jedi.
Note
Looking for a last drop on EURGBP.The Running Triangle suggests a final bearish leg.
After that, I will look for buy set-ups.
Stay tuned.
Note
Things change.EURGBP went bull without me.
What now?
Corrective Pattern is becoming a bit more complex for now.
It can still be an X, however, the impulsive structure states :bull: hmm..
To be continued ..
Note
OK, so EURGBP did an Impulse.I am labeling it as Minor C (white).
I have also decided to go with a Triple Three in Minor B (white).
Intermediate (B) can be a Running Flat or Expanding Flat at this point.
* Bearish Continuation:
- Running Flat at 100% Fibonacci Extension of Minors A & B (white).
- Expanding Flat at 200-261.8% Fibonacci Extension of Minors A & B (white).
* The only thing that can force Minor B (white) to further extend in its complexity would be another swing below 0.85699 . This would force more sideways movements. Must not go further than 0.84334 , otherwise Intermediate (C) (red) has already started.
* Still giving the bull a chance.
BUY ENTRY @ 0.86550
SL @ 0.83500
TP @ 0.90000 & 0.92000
Note
Euro-Pound did not provide a suitable entry.Retracement was a mere 38.2% and I missed the train.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.