Will there be a Cigar ?

FX:EURGBP   Euro / British Pound
197 10 2
The critical aspect of this pattern is that each drive complete precisely at consecutive harmonic ratios.
And each price leg should posses clear symmetry over equivalent time periods.
This one is close, but, will there be a Cigar ???
A large target zone - .8285/.8265 but, low risk.
Moving stops on the balance of the trade to .8343 - keeping t/p @ .8395.
Any price action above .8378 will create a clearly impulsive 5 waves.
If 5th wave = 1st wave the target should be about .8415.
Looking to reenter if we see a 3 wave a-b-c correction down to about .8340.
This entry would be anticipating a C wave = to A OR maybe even a 3rd wave .618 higher !
I'll post a chart next week. It's been a long time since EurGbp has looked
this clear. Hope it keeps it up !!!!
Have a good weekend ********
Re accessing stops: At this point the trade is risking 45 pips to hope for an additional 15 as I don't see a better or logical
place to move the stops higher. So, I'm taking 1/2 of the trade off at this point and I'll let the rest ride with the hope
of at least .8395.
I do not trade EurGbp very often and with little positive results
at +100 pips or so it makes this trade ===== Sweet !!!
Respect... well done
Very Nice Mate
Whoa !!! When this baby goes - it goes !
Thinking that this candle is so impulsive that if it takes out the low the rally is over.
So, moving stops to +58 @.8323
Fingers crossed ----- 1st target is getting close @.8383
Patients finally pays off !!!!
Having waited for what seems like a long time for this to take off, it is tempting to take some profits now.
But, this seems rather impulsive action so I'll just move stops to +34 @.8299 and let the profits run =====
Entered at the bottom end of the target zone. Moving stops to break even +3.
wow thanks for sharing this.. :) i appreciated :)
If not mine - stopped out - then yours looks next in line.
Pretty nice work sir. What about this idea
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