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Madtradex

Eur/GBP. Expected to move down

Short
Euro / British Pound (FX:EURGBP)  
Madtradex Updated   
FX:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Triangle Forex forexsignals forextrading forexanalysis forextradingzones forextrader
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trendanalysis chartpattern triangle forex forexsignals forextrading forexanalysis forextradingzones forextrader
Yo Traders,

EG trade idea.

As you can see the price broke through the resistance and then came back down, moved into corrective pattern and now is respecting the resistance.

The price has presently formed the triangle pattern. The price can move either ways after breakout from the triangle but assuming it is at resistance right now and assuming it respects the resistance, expect the price move down with TP at the daily TF trend.

Lets wait and watch.

Thanks
Madtradex
Comment:
Price broke through the triangl now is retesting.
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