GWaves

$EURGBP | Geo Nears Completion @ 0.75960

FX:EURGBP   Euro Fx/British Pound
360 6 12
Hello Traders,

EURGBP             has created points 1-2-3-4 and is now looking to complete point 5 and 5'. Point 5 will also be a completed cycle of an ab=cd pattern at point 0.75960.

When this pair arrives at its first destination, I will look at Geo's Off-Set Rule at 0.79470 as the next probable target.

Best,
Chartistry
Comment: Hey Folks,

Pay attention to the Invalidation Line highlighted in orange. If this pair surpasses this line then the Geometry will be invalidated.

snapshot


Best,
Chartistry
Comment:
snapshot


New point 4 defined. The target of 0.75960 is showing confluence with the 1.618 fib extension of the bc move in the abcd pattern. Still eyeing bearish target.
Comment: Price broke across and closed across the 0.386 Fib mark. Bears in control.

snapshot
Comment: Visit https://www.tradingview.com/u/4xForecaster/ for more on Geo's Off-Set rule and market geometries.
Comment:
snapshot


Pay attention to alternate Geo'
Comment:
snapshot


0.75960 target hit, abcd pattern complete, bullish Wolfe Wave complete at point 5, and 1.618 extension hit.

Looking at 1-4 as a target.
Comment: All targets hit.
Comment:
snapshot


Look for AB=CD pattern completion at a previous structural level.
Excellent Job and really good Analysis .I like your stile of charting , your explanations is really good , FXCM stopped all traders from taking Trades on this pair on Friday .
Reply
GWaves PRO johnmad
Thank you John,

Did they really? I was hoping trade this pair this week.
Reply
hoping to*
Reply
Great Minds!!https://www.tradingview.com/chart/EURGBP/qaqNe3Is-EURGBP-SELL/
Reply
excellent how it worked! nice sharp drop, maybe can go straight to 1.61? or small retest of breaking support? great entry!
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out