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Euro / British Pound
Long
Updated

EUR/GBP Potential Bullish Move

119
Hi Traders.

We see after a clear bullish impulse this pair is in a bigger correction right now. but slowly we see some bullish reversal signs. but for the last confirmation wait for the breakout out of the structure followed by some LTF correction to confirm this setup.
Trade active
snapshot The Correction is still not finished yet. But today we saw after a LTF bearish impulse a LTF bullish reversal. We are still in the correction pattern, the pattern just evolved. Wait for the breakout and LTF Correction. Alternative wait for the correction to form within the pattern, what would result in a LTF Inverse HnS Pattern to confirm this setup.
Note
snapshot We saw the Breakout and now we are forming LTF Correction. Wait for the breakout from the current correction
Note
snapshot Important Lesson. Thats why we wait for the conformation and dont jump into the trade cause of emotions. i think we can get a bigger LTF Correction now and still look for the bullish move if it develops.
ltdcrack88
Chart Patterns

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Chart Patterns
ltdcrack88

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.