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NDOBObanks

EURGBP Descending Triangle Pattern Breakout Long

Long
Euro / British Pound (SAXO:EURGBP)  
NDOBObanks Updated   
SAXO:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Wave Analysis Descending Triangle descendingtrendline descendingtriange breakouttrading breakoutsignal breakouttrade breakoutbar eurgbplong eurgbpanalysis
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trendanalysis chartpattern waveanalysis descendingtriangle descendingtrendline descendingtriange breakouttrading breakoutsignal breakouttrade breakoutbar eurgbplong eurgbpanalysis
We expect a reversal to the upside on this pair, signalled by the descending triangle pattern breakout and counter-trendline breakout. We can also see the breakout of a key level which further supports our directional basis.
Trade closed manually:
Trade closed at a loss
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