mcpeacocks
Short

short EG, take 3 :) long term

FX:EURGBP   Euro / British Pound
111 2 5
see chart for details, but I see a break and retest of a monthly trendline (in red), as well as a weekly trendline (in blue).
also, the resent swing high by EG touches the 0.618 retracement of the prior major move down.

My ultimate target could therefore be at 0.63981, the 1.618 extension level of most recent move.
before anybody else spotted this and corrects me - it seems I have drawn the fib in the wrong direction - nonethless, when drawn correctly, there is a touch of the 0.382 retracement. the target of fib extension would end up around 0.63928
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out