EURGBP : Ripe for Breakout, but Now or Later ?!

Eurgbp is consolidating from last week and I expect the breakout to be wild one. I don't rule out the possibility of false breakout, bcos people will get excited, price moves up & euphoria settles down comes back hits our stops and market moves to other direction. In triangles always wisely place your stops ( figure out a better way to manage risk n reward ) , so that even after the false breakout you can enter other direction, which covers the pips lost in false breakout & gives you some profitable pips.

Happy TradinG !

Trade ist aktiv:

I hope its not false breakout !

Kommentar:

As warned in the post, it turned out to be false one !