Long
possible long setup
GBPUSD is back on the trend line again. With DXY reaching to its Fib resistance (20 Aug high to last Friday's low), I think GBP will survive for a short run.
It has potential to resume it's uptrend move, but for now I'm aiming to a fib retracement of previous fall.
Entry: 1.37571; but should above 1.37492 and below 1.3768
SL: below 1.374 - lower than 1.37353 is safer
TP: around 1.3805
GL
It has potential to resume it's uptrend move, but for now I'm aiming to a fib retracement of previous fall.
Entry: 1.37571; but should above 1.37492 and below 1.3768
SL: below 1.374 - lower than 1.37353 is safer
TP: around 1.3805
GL
Note
NOTE: GBPUSD has taken off without me - just a few pips away from my pending order.... I'll only monitor this pair for now.Note
entered at 1.37524 with small risk. GL.
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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.