PietroCasoar
Short

EURGBP Analysis - Waiting for breakout

FX:EURGBP   Euro Fx/British Pound
138 5 3
Currently there seems to be an opportunity to trade the last portion of a Wave A from breakout.
I've currently set up 2x positions.

1) Position 1 will trade the breakout of structure with TP at end of wave A.
2) Position 2 will trade the breakout (once it is confirmed/formed - of wave B) of Wave C TP.

Risk to Reward is high risk for Position #1 and for Position #2 (At this point in time is unknown             ) seems good for the moment.

Will update chart accordingly as the market price action pregresses.

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NB: These charts are for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan.
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TAS
2 months ago
EURGBP still no setup for me


Really??? same count man. :)
Reply
PietroCasoar PRO TAS
2 months ago
Almost... slightly different but very close :)
Got confirmation on MACD with regards to wave 3 ~ 5 and also wave 4. It can't be anything else.
However your wave A, B and C targets are a little different, so I'm curious to know why you predict wave B to continue uptrend?
Reply
TAS PietroCasoar
2 months ago
It's just in case there's an alternative count like this
snapshot

Reply
PietroCasoar PRO TAS
2 months ago
Ahhh cool... lets make some good money on this one my friend.
Reply
TAS PietroCasoar
2 months ago
I'm waiting for the long
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