EURGBP long after breakout
Updated
EURGBP is now retesting the top of a weekly channel.
If we have a breakout of the counter trend line in 4H chart, in conjunction with an RSI breakout, I'll take a long position.
Two very possible targets are pointed out with narrows and a third target, which could be the D extension of a ABCD pattern with a 0.382% retracement, is also possible in the best scenario.
If we have a breakout of the counter trend line in 4H chart, in conjunction with an RSI breakout, I'll take a long position.
Two very possible targets are pointed out with narrows and a third target, which could be the D extension of a ABCD pattern with a 0.382% retracement, is also possible in the best scenario.
Note
We had a third rejection from the CTL. This is a good sign because it tells me that the MARKET is looking at the same CTL I'm looking at.Trade active
trade active: Note
SL moved to Breakeven.Note
SL hit at BE! 0 gain 0 loss
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