EUR/GBP TRENDLINE BREAK GOING TO RETEST !!!
TECHNICAL ANALYSIS:
*-Price broke through the trendline and possibly will retest it.
*-On lower timeframe we see price is making lower lows and lower highs.
*-The retest of the trendline fits perfectly with fibonacci retracements.
*-If this setup is executed I'm place my stop loss just above the resistance
zone in case I'm wrong on this.
*-My take profit will be on the 0.859 support level but you can take profits on the -27.00% fibonacci retracement.
*-Might be waiting to see some candlestick reversal patterns before jumping on this trade
#Tradesafe
*-Price broke through the trendline and possibly will retest it.
*-On lower timeframe we see price is making lower lows and lower highs.
*-The retest of the trendline fits perfectly with fibonacci retracements.
*-If this setup is executed I'm place my stop loss just above the resistance
zone in case I'm wrong on this.
*-My take profit will be on the 0.859 support level but you can take profits on the -27.00% fibonacci retracement.
*-Might be waiting to see some candlestick reversal patterns before jumping on this trade
#Tradesafe