EuroMotif

GBUUSD and the dangerous 9.618: Cable at Fib extreme?

FX:GBPUSD   British Pound / U.S. Dollar
I have been watching and trading this fib for several days now.
The 9.618 is a very common Move-Ender of a fib.
Just wanted to capture this moment to observe.

I have NO idea if GU drop here, but resistance held for 3 hours including London Open.
My important take away is the Precision of the road map layed down by the Fibs.
I did of course have some limit sells just around the 9.618 with tight SL.

There is a lot of mixed UK news right now , so there is an outside force at work.
And that force comes at random times and in random directions.
So I am only trading tiny amounts fully expecting to lose. GBP rn is not a 'safe' trade.

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
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.