GBP_USD: Reversal Pattern is Forming (M)
Strong resistance will dump and sell the pound, with the formation of M is now on the way.
Setup the sell-limit at the resistance level, with 3.8 risk reward ratio, just be careful of setting the stop loss otherwise no stop loss.
WIth targets between 0.5 and 0.6 fib retracement creating the B leg of the prospect ABC or ABCE pattern.
Setup the sell-limit at the resistance level, with 3.8 risk reward ratio, just be careful of setting the stop loss otherwise no stop loss.
WIth targets between 0.5 and 0.6 fib retracement creating the B leg of the prospect ABC or ABCE pattern.
Trade active:
Sell activated manually.
Order cancelled:
Cancelled trade, I guess this is already moving up. Sorry just observe next week if what is the gap situation on this
If that happens strong sell at 1.28 at the top with target take profit set at 1.2486