Nico.Muselle
Short

EURGBP - Structure and Fibonacci Cluster indicating a move down

FX:EURGBP   Euro Fx/British Pound
a year ago
Based on structure we can see a down trend in this pair as we are creating Lower Highs and Lower Lows
We are now at the point where the previous high is tested. Also at this level we have a nice fibonacci cluster of the last 3 moves down. All of this for me points in the direction that the pair will move down.

Entry : 0.7165
SL : > 0.7200
Target : 0.7060

Potential risk : +- 35-40 pips
Potential profit : +- 100 pips
Reward-Risk : > 2.5
a year ago
Trade active: Stops rolled to break even
a year ago
Comment: Stops moved to 0.7140
a year ago
Comment: Stops moved to 0.7110, just a few more pips to go to the target.
a year ago
Trade closed: target reached: Target reached, trade closed for +109 pips
StarProsper
a year ago
Very nice TCT Nico
+1 Reply
trviewmt
a year ago
really? have you ever heard recent news about gbp?
Reply
trviewmt
a year ago
it will just move up up up.
Reply
JasperForex PRO trviewmt
a year ago
Trust me, the words "it will" and Forex don´t go well together :)
+3 Reply
NielsG
a year ago
That profit target is very optimistic in my opinion.
I don't think it'll go that far down, but an initial pullback on that strong up move after "super Thursday" is warranted.
I'd say TP at 0.712.
+1 Reply
Yahia.Awes
a year ago
Lekker bezig!
+1 Reply
Very nice looking trade
+1 Reply
Nico.Muselle MOD Akil_Stokes
a year ago
Thanks Akil ! :)
Reply
Awesome trade!
+1 Reply
Nico.Muselle MOD JasperForex
a year ago
Thank you sir ! :)
Reply
thanks nice analysis
Reply
NielsG
a year ago
Looks like a bat pattern might be completed around your Target

snapshot
+2 Reply
_trader_
a year ago
that was nice, wish I'd seen it earlier :)
+1 Reply
Nico.Muselle MOD _trader_
a year ago
Thanks ! :)
Reply
alex.a
a year ago
Nico, the king ~ Horray ~
+1 Reply
Nico.Muselle MOD alex.a
a year ago
LOL
Reply
Perfeito! :-)
+1 Reply
Nico.Muselle MOD Trading_Jazz
a year ago
Just lucky that the market went the way I expected it to ... ;)
Reply
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