Small retracement and wait for better sell position at 1.272 fibonacci
GBPUSD had a breakout of the range it was in to the upside. Looking to buy pullback. -First possible aggressive (more risky) entry at 1.455 -Second possible entry at the bottom of the pitchfork channel in the range of the Fib between 1.448 and 1.452 As long as we kinda stay in the pitchfork formation we are good for longs. Targets to watch if we break to the...
GU - Long - Since it looks like the markets are doing better then they did last week we could see a nice retrace of the big non stop sell of we had the last 24days. Fib levels to watch. Stop around ~1.422 First Trade this week hopefully you all have a nice week! Good Luck Trading out there! :)
Awating for the US data, GBP is moving between 0.382 and 0.618 levels of this huge downtrend pitchfork. Below this level, the 1.50900 major support area (May 04/05) might be considered as a good target if the US data is better than expected. If the data will be much higher than the expected, 1.272 fibo level (1.49857) should be the next target (where...