#EURGBP 1 HR #ElliottWave Count

EURGBP 1 HR Elliott Wave Count

A break of .84524 would complete the corrective pattern but I am still looking for the .8392 area for the completion of wave (ii).  

EURGBP 1 HR Elliott Wave Count

#EURGBP 1 HR #ElliottWave Count

EURGBP 1 HR Elliott Wave Count

Well the break higher above .85922 has proven to be a fake break so I am back to looking for the final wave lower for wave (ii).

EURGBP 1 HR Elliott Wave Count

#EURGBP 1 HR #ElliottWave Count

EURGBP 1 HR Elliott Wave Count

The EURGBP tried to break higher but was rejected right away at the .85922 resistance.  The Bullish Count is still valid but will need to bounce soon.

If this bullish count fails I am still expecting the pair to move higher after completing a more complex wave (ii).  The .82744 will need to hold during the deeper/complex wave (ii). 

EURGBP 1 HR Elliott Wave Count

#EURGBP 1 HR #ElliottWave Count

EURGBP 1 HR Elliott Wave Count

This is an immediate bullish count for the EURGBP.  The count is showing wave ii complete at .84524 and a serious of nested 1-2's to get the wave 3 rolling.

The pair must continue to stair step higher to complete a possible wave 1 of iii.

EURGBP 1 HR Elliott Wave Count

#EURGBP 1 HR #ElliottWave Count

EURGBP 4 HR Elliott Wave Count

Still Waiting on this wave two play out here.  The correction could be finished at the .84524 low but the move up from the circle A is 3 waves so far so I am still expecting another swing lower.

Back above .85922 then the pair could be starting a 3rd leg higher.

EURGBP 4 HR Elliott Wave Count

#EURGBP 1 HR #ElliottWave Count

EURGBP 1 HR Elliott Wave Count

The EURGBP is still doing the sideways consolidation here for the wave 2.  Still waiting for a beak above .8545 or a move down to .8392.

EURGBP 1 HR Elliott Wave Count

#EURGBP 4 HR #ElliottWave Count

EURGBP 4 HR Elliott Wave Count

The EURGBP continues the sideways consolidation for the possible wave 2, above .8545 it may be complete.

EURGBP 4 HR Elliott Wave Count

#EURGBP 1 HR #ElliottWave Count

EURGBP 1 HR Elliott Wave Count

Not much change since yesterday, still waiting for that .8392 area for possible long.  

EURGBP 1 HR Elliott Wave Count

#EURGBP 1 HR #ElliottWave Count

EURGBP 1 HR Elliott Wave Count

EURGBP could be starting the C leg of wave (ii) down now.  Still looking for that 61.8% retrace for a long.

Back above .8545 and wave (ii) could be complete at .8452 and the pair would be moving higher in a third wave.

EURGBP 1 HR Elliott Wave Count

#EURGBP 1 HR #ElliottWave Count

EURGBP 1 HR Elliott Wave Count

Still looking for that abc correction for wave (ii).  Looks to be in the b wave now.

EURGBP 1 HR Elliott Wave Count

 

#EURGBP 1 HR #ElliottWave Count

EURGBP 1 HR Elliott Wave Count

It is very possible that this wave 2 correction is complete and the pair continues higher.  Until the pair break above .8592 I will look lower for the 61.8% retrace entry. 

If .8592 break before we get the 61.8% retrace then I will enter then with my stop below the current wave 2 low. 

EURGBP 1 HR Elliott Wave Count

 

#EURGBP 4 HR #ElliottWave Count

EURGBP 4 HR Elliott Wave Count

It looks like we have 5 waves up from the .82744 low for wave 1 and a wave 2 pullback in process.

This is not a trade recommendation but, I am looking at taking a small long position at the 61.8% retrace and adding on the break of the wave 1 high.  If the larger degree count is correct then we should see a move above 1.00.

Wave count is invalid at .82744.

EURGBP 4 HR Elliott Wave Count

#EURGBP 1 HR #ElliottWave Count

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EURGBP 1 HR Elliott Wave Count

Looks like the EURGBP wants to continue higher here even after breaking the .84775.  It looks like the recent pullback was the higher degree 4th wave and we are in the final fifth wave now.

I am still waiting for the 3 wave pull back to get long.

#EURGBP 1 HR #ElliottWave Count

EURGBP 1 HR Elliott Wave Count

The RSI is looking like this 5 wave move up is done and ready for the 3 wave correction.  A break of and I am sure it impulse is done and the correction is in the works. 

EURGBP 1 HR Elliott Wave Count

#EURGBP 1 HR #ElliottWave Count

EURGBP 1 HR Elliott Wave Count

Wave 5 targets up are .8595 and .8630.  Below .8477 this leg up is done and the correction has begun.

EURGBP 1 HR Elliott Wave Count

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#EURGBP 1 HR #ElliottWave Count

EURGBP 1 HR Elliott Wave Count

The EURGBP looks to be nearing the end of wave iii.  After iii is finished we should see a small pullback/consolidation for iv (possibly happening now) followed by the final 5th wave.

I will be looking for a 3 wave pullback of wave 2 to grab some longs.

EURGBP 1 HR Elliott Wave Count

#EURGBP 4 HR #ElliottWave Count

EURGBP 4 HR Elliott Wave Count

I will be looking for a clean 5 wave move higher followed by a 3 wave bull back to get long. 

Currently it looks like the wave iii is going to extend up to the 200 and maybe 261.8% extensions.  

EURGBP 4 HR Elliott Wave Count