KVE

EUR/GBP: Daily update, waiting for confirmation.

FX:EURGBP   Euro Fx/British Pound
211 5 6
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...?
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Comment: This is the alternate count...:
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Trade active: TP1 and TP2 on this chart:
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Trade closed: target reached: Both targets for the Cypher were reached!
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thank you!!
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KVE sasacoco
NP!
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thank so much , please update again in point open order buy or sell
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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.
Cheers

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thank so much
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