EURGBP Waiting for a breakout. A Nice setup!

FX:EURGBP   Euro / British Pound
131 2 14
There is a potenitial long or short opportunity here. I am leaning towards an expectation of a bullish trend continuation but only time will tell. It is always a good idea to have reasons for entry in both directions.

The plan is to wait for a breakout either:
- a bullish breakout of the flag pattern .
- a bearish breakout of the descending triangle pattern.

I have marked potential targets for both trades based on structure and fibonacci confluence .

Please follow and like for more ideas like this! Thank you for looking!
Thank you for sharing!! Keep up the good work! :)
+3 Reply
Trilo stevendave
I appreciate that. Thank you!
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