Beskrivning
⋅ 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.