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ghostdigg
Jun 7, 2016 11:01 PM

Long EUR/GBP Daily pullback of trend line break 

Euro Fx/British PoundFXCM

Description

We have just completed a 1-5 wave foramation followed by an ABC.

A new impulse wave moved through the last trend line and pulled back to test the break. Support can also be found to the left.

Entered a long with SL set below the A. First target will be top of the 3rd wave and than wait for the 5th wave to complete for a TP@.

Trade active

A really nice bounce off the retest of the breakout should continue here. New highs are expected going forward.

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