EURGBP has created points 1-2-3-4 and is now looking to complete point 5 and 5'. Point 5 will also be a completed cycle of an ab=cd pattern at point 0.75960.
When this pair arrives at its first destination, I will look at Geo's Off-Set Rule at 0.79470 as the next probable target.
Best, Chartistry
Comment
Hey Folks,
Pay attention to the Invalidation Line highlighted in orange. If this pair surpasses this line then the Geometry will be invalidated.
Best, Chartistry
Comment
New point 4 defined. The target of 0.75960 is showing confluence with the 1.618 fib extension of the bc move in the abcd pattern. Still eyeing bearish target.
Comment
Price broke across and closed across the 0.386 Fib mark. Bears in control.
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