EURGBP - Structure and Fibonacci Cluster indicating a move down

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

Trade ativo:

Stops rolled to break even

Comentário:

Stops moved to 0.7140

Comentário:

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

Trade fechado: objetivo atingido:

Target reached, trade closed for +109 pips