GWaves

$EURGBP | Geo Nears Completion @ 0.75960

FX:EURGBP   Euro / British Pound
362 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.



Best,
Chartistry
Comment:

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.

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

Pay attention to alternate Geo'
Comment:

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:

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 .
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GWaves johnmad
Thank you John,

Did they really? I was hoping trade this pair this week.
Reply
GWaves GWaves
hoping to*
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Great Minds!!https://www.tradingview.com/chart/EURGBP/qaqNe3Is-EURGBP-SELL/
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excellent how it worked! nice sharp drop, maybe can go straight to 1.61? or small retest of breaking support? great entry!
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