GBP/USD Pair
Fib fan pull + Fib Ext Pull
Rejected at the .382 or breaks above and pulled back down.
Trading inside a symmetrical triangle and expecting a breakout soon
as we close in towards the apex .
Im expecting a move down to the .618 as displayed in the chart in which case
a long opportunity presents itself .
Confluence with the 100EMA, .618 fan, .618 fib extension and volume profile match .
Long from the box with a SL below the last Swing low.
Word of caution * We can also break down from this level as symmetrical triangles
can break either way so exercise your own risk management and define your invalidation !
I will be looking for longs when we reach the Target drawn as Iam expecting more upside .
A Like or Share will be appreciated for my analysis and Follow me for Daily Setups
Fib fan pull + Fib Ext Pull
Rejected at the .382 or breaks above and pulled back down.
Trading inside a symmetrical triangle and expecting a breakout soon
as we close in towards the apex .
Im expecting a move down to the .618 as displayed in the chart in which case
a long opportunity presents itself .
Confluence with the 100EMA, .618 fan, .618 fib extension and volume profile match .
Long from the box with a SL below the last Swing low.
Word of caution * We can also break down from this level as symmetrical triangles
can break either way so exercise your own risk management and define your invalidation !
I will be looking for longs when we reach the Target drawn as Iam expecting more upside .
A Like or Share will be appreciated for my analysis and Follow me for Daily Setups
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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.
Related publications
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.