Still learning so please let me know your thoughts....
As you can see the price has tried to break the 78.6% Fib level for the last 7 days.
If we see a solid break of 1.37461 then the price could push along the lower trend channel or even break into the upper channel.
GBPUSD
As you can see the price has tried to break the 78.6% Fib level for the last 7 days.
If we see a solid break of 1.37461 then the price could push along the lower trend channel or even break into the upper channel.
GBPUSDTrade closed manually
"If we see a solid break of 1.37461 then the price could push along the lower trend channel or even break into the upper channel."Has done exactly this. Trade closed.
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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.