Daily FIB 0.886 aligned with 4 Hour 0.50 FIB. Price is struggling to break this level. Retesting previous resistance, Demand Zone.
Descending triangle forming. Watch for breakout of upside or downside.
Waiting for retest of either direction breakout. Anticipating breakout to the upside.
Descending triangle forming. Watch for breakout of upside or downside.
Waiting for retest of either direction breakout. Anticipating breakout to the upside.
Note
Waiting for retest of breakout before entry
Note
Showing possible rejection off triangle breakout and 200 EMA, need bearish candle stick confirmation for entry.
Patience!
Note
If price breaks 0.50 FIB level and price prints a 4 Hour Engulfing candle, we will be looking for a bullish breakout to the upside.
Be careful of fake breakouts!!
Note
TP1: 148.000
TP2: 147.000
Note
Price faked out once more. Respected trend line, but bull are showing exhaustion failing to break 0.786 Daily FIB, ill wait for trend line break and retest for entry. use proper risk management you never know what price will do, there is no 100% guarantee ever in the markets.Note
GBP can be very volatile. If it price prints a bearish engulfing candle off the retest of the broken fib and trend line I will be going short
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.