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..
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Buy the breakout to the upside.. Play the chart to see the move..
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IT did not give us a breakout but still hope you are in this trade at the break of the intermediate trendline
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sketchmaster
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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
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...It´s an abc correction, thats what you see, right?
Checkmate
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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
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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...