EURGBP Long: Ride Wave 5
Updated
There has been a retrace after a bullish impulse that could be the start of wave-5-of-(Y). A drop below the start of wave-i would point to deeper retrace, so stop will be placed here and we will look for a lower entry with similar setup. The R/R is about 5:1, worth the risk of testing the breakout. I will update as receive more signals.
Trade active
Trade closed: stop reached
Watch for the next possible reversal level at AB=CD to complete a possible zig-zag. I'll only buy the pullback after an impulse from this level:
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