GBPUSD | Breakout of an Descending Triangle
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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.
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.