SELL ON GBPUSD
After the exhaustion move, covering up the gaps created by the fundamentals at the open of the week, GU has given a clear path to follow looking at it from the eyes of price action and Technical analysis. Retracing to the descending trendline and a pullback to 61.8fib on the lower time frame, we patiently waited for our entry formation to play out before jumping into the Sell trade around the 1.24230 price with Stop Loss at the 1.24629 area.
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.