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Mendenmein-Capital
Sep 16, 2020 8:26 AM

EURGBP - Jumping on the train Long

Euro Fx/British PoundFXCM

Description

Short Update on my expectations in the EURGBP. FX:EURGBP

Everyone who missed out on the Long 1# can now try to participate in this uptrend.

The last weeks have been incredibly impulsive and currently we are holding a gain of +331 Pips on the first long.
I am expecting that we have finished the small Wave 2 and are now starting the Wave 3 of Wave 3.
Its suprising that the EURGBP only retraced to the bare minimums of the Retracements.

Keep in mind that i only take this trade because i already have my first position, manage your risk!

2# Long
Entry: 0.9187
Profit Target: 0.9678
Stop Loss: 0.9108

1# Long
Entry: 0.8876
Profit Target: 0.9678
Stop Loss: 0.8876


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If you have questions related to a specific stock or the Elliot Wave Theory, feel free to contact me.

Trade active

Both trades are currently open!

Order cancelled

Stop Loss has been reached - 78.6 Pips lost

Comment

I am taking 33% of my last Long position out...

This is a profit of ca. 79.5 Pips, so my loss from this trade has been eliminated!
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