EURGBP - Corrective in Phase

FX:EURGBP   Euro / British Pound
198 5 8
EURGBP             - Another leg up is expected before the fall.. Trade with care.. Good luck...As of now no opportunity to buy nor sell... Keep an eye on this pair..
Comment: Buy the breakout to the upside.. Play the chart to see the move..
Comment: IT did not give us a breakout but still hope you are in this trade at the break of the intermediate trendline
Looks about right, It´s just that I never feel too confident after these "short-term/false/whatever you wanna call it" breakouts... But thanks, it does look good.
sketchmaster sketchmaster
...It´s an abc correction, thats what you see, right?
Checkmate sketchmaster
By now, you can move to breakeven and wait for it to go.. if it retraces now and take you off... you will not lose anything...
Checkmate sketchmaster
Always have a tested strategy to trade these type of corrections.. Practice on Demo for long and feel the patterns and you will be able to take trades with confidence in real time.. Also, open small lots in chunks instead of opening bigger lots.. so loss is less even though profits might increase if u hold it for long if it favors you.. hope these helped you...
+1 Reply
Ok, thanks
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