Wedgepattern breakout in a Squeeze

Long

Euro / British Pound (PEPPERSTONE:EURGBP)

Updated

PEPPERSTONE:EURGBP Euro / British Pound

chartpattern wedgepattern squeeze breakout

Setup: The Squeeze Breakout(wedge pattern
Trade rating: 4/5
Reward: risk: 2.32:1
Market conditions: slower holiday season

I love this pattern technically. my only concern is the christmas slow down its not the best market conditions for breakouts although I have still seen some decent moves this week in the forex market so lets hope it continues!

Trade closed: target reached

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