Wave-Trader
Long

EURGBP Buy breakout of trend continuation pattern

FX:EURGBP   Euro Fx/British Pound
2916 21 73
I am expecting breakout very soon of this tight flag to the upside. If price breakout the flag then look for buy.
Comment: Broken and following the arrow.
Comment: Price has broken out the trend continuation pattern. But there is lack of momentum and if price do not continue to the upside then look for buy setup near trend line,
snapshot
Comment: Pattern still trend continuation.
snapshot
Comment:
snapshot
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Amazing job sir , thanks for idea :)
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Wave-Trader PRO Wave-Expert
Thank you very much for your feedback my friend.
+1 Reply
Thanks for always sharing your good idea sir !!!
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Wave-Trader PRO sakseeda007
My pleasure and thank you very much for your feedback.
Reply
Nice setup
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cheers mate.
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Thank you very much sir
+1 Reply
my pleasure mate.
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Thanks for the chart. Do you expect it to buy on the initial breakout in case the move will be sharp? Or do you always wait for a mini correction on the lower time frame before buys?
+1 Reply
Wave-Trader PRO ukrapidexchange
if you see sharp move up then you can join that move without any correction mate.
Reply
Thank you!
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Hi, I am shorting it based on this line as well.. could you share some idea about GBP.... as we see euro is still in bearish and now very possible just some correction/retrace action... well GBP is holding strong from last week against the strong Dollar.. so GBP may rise up fast if Dollar make some retrace, whereas EURO maybe limited to 1.0950/1.096 or Maximum 1.1060 levels

snapshot


By the way, in big picture, i see it like this, if price break the uptrend

this pair have a big potential in the coming days
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You know what figure is gonna coming tomorrow.
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Wave-Trader PRO Wave-Trader
snapshot
+1 Reply
Wave-Trader PRO Wave-Trader
I am expecting GDP will push this pair further up tomorrow mate.
+1 Reply
nice set up.
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Great setup mate. I am in the trade.
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Well done sir
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do u think this will retest the breakout so i can enter for a better entry or it will shoot up ?
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Thanks sir
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that was a big time kill down.
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