Dear traders,
GBPUSD made a strong impulse to the downside. Now it is retracing. If we take a Fibonacci from the high to the low of the impulse, we can see the market testing the 0.382 Fibonacci level. It is also a resistance zone which was working a strong support before. Now the market will probably make a strong impulse to the downside. And there is a big gap to the downside. The market will go for filling up that gap. Look for entries on shorter TF like 1H, 4H or even 15min. Goodluck everyone!!!
__________________________________________________________________________________________________________________________________________________
Guys if you like my ideas, please drop a like and follow me if u like my trades. Post comments about your idea too. We can manage the trade together.
__________________________________________________________________________________________________________________________________________________
DISCLAIMER:
__________
This is just my personal opinion. Every trader is independent. Every trader has the freedom to place a trade in any direction.
Thank you for your support,
FX Specialist
GBPUSD made a strong impulse to the downside. Now it is retracing. If we take a Fibonacci from the high to the low of the impulse, we can see the market testing the 0.382 Fibonacci level. It is also a resistance zone which was working a strong support before. Now the market will probably make a strong impulse to the downside. And there is a big gap to the downside. The market will go for filling up that gap. Look for entries on shorter TF like 1H, 4H or even 15min. Goodluck everyone!!!
__________________________________________________________________________________________________________________________________________________
Guys if you like my ideas, please drop a like and follow me if u like my trades. Post comments about your idea too. We can manage the trade together.
__________________________________________________________________________________________________________________________________________________
DISCLAIMER:
__________
This is just my personal opinion. Every trader is independent. Every trader has the freedom to place a trade in any direction.
Thank you for your support,
FX Specialist
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.
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.