Trade idea for EUR/GBP
When we look at the chart we can see that the price just went above the wedge. What we are waiting for now is for the price to retest the wedge. There is a chance that the price won't retest the wedge because there is also a good divergence happening. A divergence is a good indicator that the price is going to revers so if the wedge is broken and there is a divergence happening at the same time, a lot of the time the price does not retest and just takes off.
Please let me know in the comments what you think of it.
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Please let me know in the comments what you think of it.
If you like the idea do not forget to give it a like and follow me for more ideas.
If you have any questions, feel free to PM me.
Note
If you took this trade make sure to bank some profits and move your sl into profit.
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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.
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.