EURGBP Bullish Wedge, part 2

20 apr 2020

So far so good :), wedge broke up but still not a big rally though. On the right we can see the double
is playing out as well. Said would wait for a flag, not it's being formed a bit lower than i wanted but looks like a consolidation, so will wait if the 2h candle closes above the 0.8735ish, will move stop towards BE as well if it happens.



Previous analysis:

21 apr 2020

Nota

Target zone reached :) Suggest to take at least partial profit, would say between 25 and 100%. Because from this point, anything can happen, could even drop all the way down again or pump even more. No real vision on that. So be smart and don't be greedy. Had a plan, worked out better than perfect, with the double bottom, the flag at the neckline, the candle close as i mentioned above then a big pump.

So a great win and small boost for confidence for a plan working out perfectly :)