GBPUSD SHORT
Updated
-3RD BOUNCE OF TRENDLINE AND REJECTION
-GREAT RR
-SET TO DROP AGAIN
-FUNDEMENTALLY LOTS OF UNCERTAINTY WITH THE POUND AT THE MOMENT
-COULD WAIT FOR A 1H BREAK AND CLOSE PAST A COUNTER TRENDLINE TOO
-KEEP EYE OUT FOR FIB LEVELS ESP THE 0.618
-HAPPY TRADING PEOPLE
-THATS MY FIRST TARGET
-IL TAKE 70 PERCENT OFF THERE
-GREAT RR
-SET TO DROP AGAIN
-FUNDEMENTALLY LOTS OF UNCERTAINTY WITH THE POUND AT THE MOMENT
-COULD WAIT FOR A 1H BREAK AND CLOSE PAST A COUNTER TRENDLINE TOO
-KEEP EYE OUT FOR FIB LEVELS ESP THE 0.618
-HAPPY TRADING PEOPLE
-THATS MY FIRST TARGET
-IL TAKE 70 PERCENT OFF THERE
Note
Note
Not entered short yet....we still look at the pairs in an unbiased way.....If we have a break long and close one the 4h it will be a great entry for Long
But I feel we might retest the area again before a drop be patient and wait for breaks in structure
Note
Note
As you can see FIB 0.618 held strong as support and hit another fib level, then retraced
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