Tradesmanship

(EURGBP) Monthly and Daily - speculation & analysis

FX:EURGBP   Euro Fx/British Pound
7 months ago
Monthly and Daily -

We had a monthly descending triangle which has broken to the upside, we also had a pull-back and a correction in the daily time frame. At the same time we have a bullish flag in formation in the daily frame. Upside is preferred if we break the yellow trend line after another small pull back.
However if we go below the blue line, this would be considered as a fake break out and we going back to the descending triangle once again, which then we will probably test the bottom again.




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7 months ago
Comment:
snapshot


broke out, upside prevails !
7 months ago
Comment: retracing back to the line, before more upside.
7 months ago
Comment: this is going fine, its taking longer then expected, I shall wait for confirmation before longing this.
7 months ago
Comment: wait for a pull back then activate your trade.
7 months ago
Trade active
6 months ago
Trade closed manually: 142 pips
6 months ago
Trade closed: target reached: 370 pips
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