Daniel.B
Short

Support broken to the downside. Bears in control.

FX:EURGBP   Euro Fx/British Pound
135 2 3
5 months ago
Hey Traders,

Simple analysis, after a third wave higher price became overextended and now needs some pause before deciding whether to head higher or head lower and break support at 0.8600

Clearly bears are in control at the moment. The trade I'll be looking to play is a retracement to the broken support on the hourly / 4hr chart before entering short with a 2R target.

Cheers,
Happy Trading.

4 months ago
Trade closed: target reached: Entire position closed. Cheers to whoever else was in this trade also.

Related Ideas

Dinkan
5 months ago
In fact, I am also following this chart since the day it broke the weekly trendline. Hope a reversal will fill our pockets with $$$$$$$ :P
Reply
Daniel.B Dinkan
5 months ago
Hehe same here! Yes, hopefully all turns out well and it rewards us with more profits! =)
Reply
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