EUR/GBP idea
When we look at the chart we can see that the wedge has been broken. It is rough to say what is going to happen now. I will wait to see what happens on Monday because the US is not open today so it will be a slow ending of the week.
The thing that could happen is that it will go up and than does a retest of the wedge but there is also a chance that it will not do a retest because this is something that happens a lot since the pandemic.
The risk reward ratio will be good in this trade but we have to wait and see what it does on the opening on monday
Please let me know in the comments what you think of it.
If you like the idea than please give it a like and follow me for more trade ideas.
If you have any questions feel free to PM me.
The thing that could happen is that it will go up and than does a retest of the wedge but there is also a chance that it will not do a retest because this is something that happens a lot since the pandemic.
The risk reward ratio will be good in this trade but we have to wait and see what it does on the opening on monday
Please let me know in the comments what you think of it.
If you like the idea than please give it a like and follow me for more trade ideas.
If you have any questions feel free to PM me.
Note
Okay so now that the market is closed we can see that it broke below the support zone and is back below the wedge. We have to wait for Monday to come and see what the market will do.Trade active
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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.