Daniel.Dalo

EURGBP - Harmonics and Supply/Demand

FX:EURGBP   Euro / British Pound
Price has almost hit the completion point D of the purple Butterfly pattern , which is in confluence with the 127.2 - 141.4 extension for the C point of the white Cypher pattern , so a nice play could come out of this harmonic moves.

I'm currently waiting for price to move a bit more to see if I can get the Butterfly pattern to complete and enter this market, with first target around the Supply zone ahead between the round numbers 0.71400 - 0.71600 (give maybe 6 pips more) and second target at the completion of the Cypher , where my plan is to get short IF and only IF price action show me that it intends to go down, because this Cypher is not that well placed in terms of structure.

Good luck everyone and happy trading!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out