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Anpu
Feb 9, 2020 6:28 AM

GBPUSD | Breakout of an Descending Triangle Short

British Pound/U.S. DollarFXCM

Description

Please support this idea with LIKE if you find it useful.

Initiate Short.

Entry - 1.28702
TP1 - 1.26844
TP2 - 1.24704
TP3 - 1.21662
SL - 1.29321

Reason: Price broke support level of an Descending Triangle. Currently breaking the 61.8% Fib level.

-Please consider to initiate a position on a confirmed breakout of 61.8% Fib level

Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advise.
Comments
ProjectSyndicate
well done
Anpu
@ProjectSyndicate, Thank you!
tommyf1001
Great job with this analysis. Looks like we will be watching for a rally up to the neckline for a new sell signal
Anpu
@tommyf1001, Good Opinion!
Anpu
@tommyf1001, Thank you for feeback!
DanielLubbe
Well done Well illustrated graph Keep up the good work Successful trading in this volatile market
Anpu
@DanielLubbe, Thank you for kind words!
Anpu
@DanielLubbe, appreciate your feedback!
ProjectSyndicate
gbpusd 8h best level to buy for 300 points gain (NEW)
Anpu
@ProjectSyndicate, Good Analysis!
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