EUR/GBP: Daily update, waiting for confirmation.

FX:EURGBP   Euro / British Pound
214 5
Previous bullish idea from AB=CD and cypher C worked out well: TP1 taken earlier today, rest of long positions remains open with SL at BE...

No new trade today, next is watching the PA at the down trendline ..., in the next few days we could see a bounce or a break, and possibly a new trade opportunity based on this...

Downside: new AB=CD and thus 3 drives pattern forming?
Upside: Cypher and/or wave 5 completion? Wave 5 as indicated or higher up... (around 0.7400 is next larger degree fib. ret., i.e. 0.786...)

Waiting for now...

Thanks to BLUE42 for drawing my attention to the upcoming trendline and possible 3 drives pattern, I was too focussed on running long and the cypher to see it... (https://www.tradingview.com/u/BLUE43/)
Comment: Bounce or break....?
Comment: Breakout!

Looking for longs on pullbacks next week...
Comment: Re-test, looking at smaller TF's now for possible long breakout setups...
Comment: Caught between the MA and the BB...?
Comment: This is the alternate count...:
Trade active: TP1 and TP2 on this chart:
Trade closed: target reached: Both targets for the Cypher were reached!
thank you!!
KVE sasacoco
thank so much , please update again in point open order buy or sell
KVE ChatchaiVong
I will if I'm around at the time... We bounced again from the H&S neckline..., could be on the way to complete the 3-drives pattern but it's too early to say for me...

I'm currently waiting since I still have part of a long open from 0.7570 (target 0.7990) and actually also still a short from 0.7848... (target 0.7120), both are remaining positions from previous trades which I've taken partial profit and have SL at BE...

Anyway I always keep an eye on this pair, so if I see something you will either see an update or a new idea.

thank so much
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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