Pound MA Break/Retest Short
Price has a tendency to revert to the mean over time. Pound is in a movement to the downside.
Price has broken the 30 EMA and retested.
Price has more recently broken the 120 EMA , and now we are considering if it will retest this average.
1. Enter Short = 1.2490 (120 MAV)
2. Stop - 1.2575 ( above the .382 fib )
3. Target - 1.2230 ( .786 fib)
4. RR = 3
Price has broken the 30 EMA and retested.
Price has more recently broken the 120 EMA , and now we are considering if it will retest this average.
1. Enter Short = 1.2490 (120 MAV)
2. Stop - 1.2575 ( above the .382 fib )
3. Target - 1.2230 ( .786 fib)
4. RR = 3
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.