EURGBP: I will look for Buys if a Reversal set-up comes.

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.

註釋

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.

註釋

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 ..

註釋

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

註釋

Euro-Pound did not provide a suitable entry.

Retracement was a mere 38.2% and I missed the train.