📍 EUR/GBP 8H Buy Setup
Price just tapped into a clear demand zone at the 71% Fibonacci retracement — textbook wave (4) retrace in a bullish Elliott sequence. This is also our Point of Interest (POI) to catch the next leg higher into wave (5), targeting buy-side liquidity.
🟢 Confluences:
Demand zone respected
71% Fib retracement
Ichimoku Kumo twist → bullish confirmation
Structure break + strong impulsive wave (3)
🔔 Buying from here offers a clean R:R back to the highs. Let’s ride this final wave!
Price just tapped into a clear demand zone at the 71% Fibonacci retracement — textbook wave (4) retrace in a bullish Elliott sequence. This is also our Point of Interest (POI) to catch the next leg higher into wave (5), targeting buy-side liquidity.
🟢 Confluences:
Demand zone respected
71% Fib retracement
Ichimoku Kumo twist → bullish confirmation
Structure break + strong impulsive wave (3)
🔔 Buying from here offers a clean R:R back to the highs. Let’s ride this final wave!
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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.
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.