EURGBP Analysis - Waiting for breakout

FX:EURGBP   Euro / British Pound
140 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.

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.

Really??? same count man. :)
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?
TAS PietroCasoar
It's just in case there's an alternative count like this
Ahhh cool... lets make some good money on this one my friend.
TAS PietroCasoar
I'm waiting for the long
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