GBPUSD SHORT TRADE IDEA - SIMPLE BREAK & RETEST SETUP
Price broke out of the consolidation support and made a new low.
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Price has retraced and retested the broken structure that lined up with a descending trend line, moving averages and 61.8 golden Fib ratio.
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Considering that price has reached an important confluence level and broken out of the Counter Trend Line, the price has the potential to move down towards -27.0 Fib Extension.
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Safe Trading!
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Price has retraced and retested the broken structure that lined up with a descending trend line, moving averages and 61.8 golden Fib ratio.
.
Considering that price has reached an important confluence level and broken out of the Counter Trend Line, the price has the potential to move down towards -27.0 Fib Extension.
.
Safe Trading!
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