Possible Swing Opportunity on EURGBP
EG could be looking to resume overall daily downtrend after:
New Lower High
Wedge Breakout
Potential ABCD Pattern for long term TP
Looking to sell the 61.8% pullback to the broken wedge, pay attention to price action! Previous daily high is also an evening star which means this new lower high could be the retest.
For Swing Trade consider a daily timeframe of 2-8 days with a potential reward of 4X the risk. The SL is 50 pips. Always take some profit along the way.
Patience is virtue. Set it and forget it. Divide entries by the amount of "take profit points" you wish to have.
New Lower High
Wedge Breakout
Potential ABCD Pattern for long term TP
Looking to sell the 61.8% pullback to the broken wedge, pay attention to price action! Previous daily high is also an evening star which means this new lower high could be the retest.
For Swing Trade consider a daily timeframe of 2-8 days with a potential reward of 4X the risk. The SL is 50 pips. Always take some profit along the way.
Patience is virtue. Set it and forget it. Divide entries by the amount of "take profit points" you wish to have.
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