GBPEUR SIMPLE BUT EFFECTIVE BREAKOUT TECHNIQUE (4HOUR)

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.

Kommentera:

First target achieved, pair moving as predicted to the downside

Kommentera:

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.