Synapse
Long

EURGBP - Descending Wedge - 1 Hour to 4 Hour Long Opportunity

FX:EURGBP   Euro Fx/British Pound
Greetings,

Fairly simple trade Descending Wedge - These patterns typically break out counter to the trend that preceded them, with their measured objective at the first peak that started the trading pattern.

Entry Point at Market - .7141
Target Profit - .7240
Stop Loss - .7090

Please do your own analysis before entering a trade, and feel free to comment, "like" or follow!
Comment: If you have not entered this trade we are now trading alongside the bottom edge of the wedge for the most optimal entry. @.7099
Trade closed: stop reached: It's a shame to see a pattern not work out, however breaking out of these types of patterns in the other direction can often lead to drastic moves - which is a dangerous place to be when trading against the trend.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out