akhostov
Short

EURGBP: Filled with Harmonic Patterns + Structure

FX_IDC:EURGBP   Euro Fx/British Pound
It really looks like a mess of harmonic patterns and structural levels, but I personally think there are lots of opportunities here.

Identify:
  • Harmonic Patterns: 2 Bearish Bats + 1 Bearish Crab
  • 3 Structural Levels (Green & Blue Zones)
  • Fib Clusters found at completion of Harmonic Patterns
  • Fib Cluster 1 is found at the Bearish Bat pattern completion (Blue) where the 1.272 extension of the Swing High-Low of the XA leg of the (Orange) Bearish Bat Pattern matches with the 1.618 extension of the XA leg of the (Purple) Bearish Crab pattern
  • Fib Cluster 2 is found at the Bearish (Orange) Bat Pattern completion: 1.414 BC             extension of the pattern matches with the 0.618 XA retracement of the larger (Blue) Bat pattern .
  • All Fib clusters are found in agreement with the Structural Zones.
  • Easier to see on the 4 hour timeframe, but the red structural zone is one that has been respected several times making it a major structural level.

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