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Lionheart-EWA
Dec 14, 2022 5:32 PM

EURGBP: I will look for Buys if a Reversal set-up comes. Long

EURO / BRITISH POUNDICE

Description

EURGBP Tech. Analysis: Elliott Wave & Harmonics.

* Harmonics Pattern: Bullish Cypher
* Elliott Wave Pattern: Running/Expanded Flat in (B) (red)
* Supply Zone
* Fibonacci Extension & Fibonacci Retracement: Confluence

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.

Comment

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.

Comment

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 ..

Comment

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.

* Still giving the bull a chance.

BUY ENTRY @ 0.86550
SL @ 0.83500
TP @ 0.90000 & 0.92000

Comment

Euro-Pound did not provide a suitable entry.

Retracement was a mere 38.2% and I missed the train.

Comments
JoeChampion
Good job, keep them coming mate!
Lionheart-EWA
@JoeChampion You bet I will¡ Especially with the next FRED :poop: cannon coming in.
Lionheart-EWA
Lionheart-EWA
@JoeChampion, you have a follow and a like bro.
Lionheart-EWA
Oh 💩 it did not even give me the last drop.. dodgy stuff.. oh well.. the direction was stiff..

to be continued...
ProSignalsFx
Awesome idea bro!
Lionheart-EWA
@ProSignalsFx, Appreciate the support!
TheFxAce
thank you
Lionheart-EWA
@TheFxAce, You're welcome!
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