Get started
Veejahbee

GBPUSD SHORT TRADE IDEA - SIMPLE BREAK & RETEST SETUP

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Veejahbee  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis trendfollowing brexit brexittrade cable cableshort USD dollar
1
0
trendanalysis chartpattern waveanalysis trendfollowing brexit brexittrade cable cableshort usd dollar
Price broke out of the consolidation support and made a new low.
.
Price has retraced and retested the broken structure that lined up with a descending trend line, moving averages and 61.8 golden Fib ratio.
.
Considering that price has reached an important confluence level and broken out of the Counter Trend Line, the price has the potential to move down towards -27.0 Fib Extension.
.
Safe Trading!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.