EURGBP is now retesting the top of a weekly channel.
If we have a breakout of the counter trend line in 4H chart, in conjunction with an RSI breakout, I'll take a long position.
Two very possible targets are pointed out with narrows and a third target, which could be the D extension of a ABCD pattern with a 0.382% retracement, is also possible in the best scenario.
If we have a breakout of the counter trend line in 4H chart, in conjunction with an RSI breakout, I'll take a long position.
Two very possible targets are pointed out with narrows and a third target, which could be the D extension of a ABCD pattern with a 0.382% retracement, is also possible in the best scenario.
Note
We had a third rejection from the CTL. This is a good sign because it tells me that the MARKET is looking at the same CTL I'm looking at.Trade active
trade active: Note
SL moved to Breakeven.Note
SL hit at BE! 0 gain 0 loss
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.