EURGBP Analysis - Waiting for breakout
Currently there seems to be an opportunity to trade the last portion of a Wave A from breakout.
I've currently set up 2x positions.
1) Position 1 will trade the breakout of structure with TP at end of wave A.
2) Position 2 will trade the breakout (once it is confirmed/formed - of wave B) of Wave C TP.
Risk to Reward is high risk for Position #1 and for Position #2 (At this point in time is unknown) seems good for the moment.
Will update chart accordingly as the market price action pregresses.
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NB: These charts are for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan.
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I've currently set up 2x positions.
1) Position 1 will trade the breakout of structure with TP at end of wave A.
2) Position 2 will trade the breakout (once it is confirmed/formed - of wave B) of Wave C TP.
Risk to Reward is high risk for Position #1 and for Position #2 (At this point in time is unknown) seems good for the moment.
Will update chart accordingly as the market price action pregresses.
------------------------------------------------------------------------------------------------------------------------
NB: These charts are for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan.
------------------------------------------------------------------------------------------------------------------------
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