Prome
Long

EURGBP long after breakout

FX:EURGBP   Euro Fx/British Pound
205 0 14
EURGBP             is now retesting the top of a weekly channel.
If we have a breakout of the counter trend line in 4H chart, in conjunction with an RSI breakout, I'll take a long position.
Two very possible targets are pointed out with narrows and a third target, which could be the D extension of a ABCD pattern with a 0.382% retracement, is also possible in the best scenario.
Comment: We had a third rejection from the CTL. This is a good sign because it tells me that the MARKET is looking at the same CTL I'm looking at.
Trade active: trade active:
snapshot
Comment: SL moved to Breakeven.
Comment: SL hit at BE! 0 gain 0 loss
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