EUR/GBP: Daily update, waiting for confirmation.

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... (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!