EURGBP - Structure and Fibonacci Cluster indicating a move down

6 Kas 2015

Based on structure we can see a down trend in this pair as we are creating Lower Highs and Lower Lows
We are now at the point where the previous high is tested. Also at this level we have a nice fibonacci cluster of the last 3 moves down. All of this for me points in the direction that the pair will move down.

Entry : 0.7165
SL : > 0.7200
Target : 0.7060

Potential risk : +- 35-40 pips
Potential profit : +- 100 pips
Reward-Risk : > 2.5

6 Kas 2015

İşlem aktif

Stops rolled to break even

10 Kas 2015

Not

Stops moved to 0.7140

11 Kas 2015

Not

Stops moved to 0.7110, just a few more pips to go to the target.

11 Kas 2015

İşlem kapandı: hedefe ulaştı

Target reached, trade closed for +109 pips