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Eliiottwave

EURGBP ELLIOT WAVE ANALYSIS VIEW: EURGBP has been in down trend for a while ; now showing some symptoms in the lower time frame (2hr) as if its ready for a bounce as per Elliot Wave Analysis. STRUCTURE/PATTERN/ Technical Event: # Impulse(1-2-3-4-5)+ correction sequence; # Trendline breakout possibility near invalidation point or near demand zone # Accumulation symptoms near Demand Zone. Trading plan: #for seasoned traders: Entry with breakout confirmation with SL below "Invalidation point". one can exit if trades single lot @ first target; multiple lots can be exited 70% at the 1st target and the remaining @ the 2nd target Risk Management: never risk more than 2% of one's trading capital....for the entire trading portfolio.... Good luck
Long
by ravaye27