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Weekly 38% Fibonacci Sell In The GBP/USD
British Pound / U.S. Dollar
Short
Weekly 38% Fibonacci Sell In The GBP/USD
By TheTradingRoom
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May 20, 2022
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May 20, 2022
Here is a key level to watch in the GBP/USD as we roll into the final trading week of May:
Weekly 38% Fibonacci Retracement, 1.2592
Here's the trade:
1) Sell GBP/USD @ 1.2584
2) Stop Loss @ 1.2629
3) Profit Target @ 1.2546, 1:1 risk vs reward
382 Fibonacci Retracement
gbpusdshort
Technical Indicators
TheTradingRoom
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