KVE
Long

EUR/GBP Update: Long from AB=CD and possible Cypher C

FX:EURGBP   Euro / British Pound
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Update on previous idea. Shark now invalidated... AB=CD completed and we are about at the max. level of a cypher C...
Wave C of ABC zigzag complete? Watch out: trend channel broken...

Agressive long possible here, tight SL below the recent low, a bit wider can be below the support zone or below 0.7500 round number...
50% retracement of CD leg is the main target for an AB=CD , additionally 0.886 of CD which is just below B point of possible cypher ...

Look for 5-wave structure to complete a fifth wave (if it isn't complete already, maybe my wave 3 is actually 5...).
If Cypher D completes we could have a truncated wave 5 and a great longterm short from there...

Comment: Exactly as anticipated... TP1 for the long guys..., SL to BE and let it ride...

Watch the cypher...:
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