ADAMMAC
Short

GBPEUR SIMPLE BUT EFFECTIVE BREAKOUT TECHNIQUE (4HOUR)

FX_IDC:GBPEUR   POUND STERLING / EURO
4 months ago
GBPEUR             looks to continue its push to the downside following,

a break and a 4 hour close below the;

1. trend line and 2. the 61.8% fib level.

Confirming this is the breakout retest of the 61.8% level

a major critical level along with the further confirmation from

the moving averages which reflects the average consensus of value in price.

All these confirmations are a key factor in the probability of prices continuation the the downside.
4 months ago
Comment: First target achieved, pair moving as predicted to the downside
2 months ago
Comment: Trade was invalidated due to stop lose being taken out, however you can see that it eventually met its targets.

Need to let the market breath.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out