British Pound / U.S. DollarUpdated Swing Trading Idea for GBPUSD.
Using fib from Impulse 1 and Impulse 2 to the final wick of both impulses we can see important levels highlighted, strong areas were price respected and has been following, a symmetrical triangle is formed. Waiting for confirmation on price movement to position trade.
Note
Price has hit almost all zones highlighted, seeing break in the support trend, waiting for retest to confirm movement to the downside.
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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.