EURGBP Long: My Trade on the FED Press Conference (FOMC/FRED)
* Entry @ 0.85100 * SL @ 0.81500 * TP @ 0.91985
This is a trial trade for a potential swing and add longs thing.
Many pips ahead,
Richard, the Wave Jedi.
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Looking for a last drop on EURGBP. The Running Triangle suggests a final bearish leg. After that, I will look for buy set-ups.
Stay tuned.
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Things change. EURGBP went bull without me. What now?
Corrective Pattern is becoming a bit more complex for now.
It can still be an X, however, the impulsive structure states :bull: hmm..
To be continued ..
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OK, so EURGBP did an Impulse. I am labeling it as Minor C (white). I have also decided to go with a Triple Three in Minor B (white).
Intermediate (B) can be a Running Flat or Expanding Flat at this point.
* Bearish Continuation: - Running Flat at 100% Fibonacci Extension of Minors A & B (white). - Expanding Flat at 200-261.8% Fibonacci Extension of Minors A & B (white).
* The only thing that can force Minor B (white) to further extend in its complexity would be another swing below 0.85699 . This would force more sideways movements. Must not go further than 0.84334 , otherwise Intermediate (C) (red) has already started.