161.8-fibonacci-extension

amanpaulbhogal amanpaulbhogal GBPUSD, 240, Short , 7 months ago
GBPUSD: Intraday bearish divergence trade on GBP/USD
39 0 1
GBPUSD, 240 Short
Intraday bearish divergence trade on GBP/USD
Please see annotated chart for rationale.
amanpaulbhogal amanpaulbhogal EURGBP, 240, Short , 10 months ago
EURGBP: Short term short trade on EUR/GBP
53 0 2
EURGBP, 240 Short
Short term short trade on EUR/GBP
Using divergence, Stochastic bearish this time, a temporary short position has lined up on the 4 hour time frame on EUR/GBP. Price has given an inside bar below resistance and the 1.618 Fibonacci extension level. Targets may be placed at previous support where price could go to.
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