fib progression on gbpaud
first pb from btm channel 0.618, 1.618 exp resistance and 200 fib target reached.
pb again on 50% fibo (bull correction continued) and up to possible 1.27 (2.09600) target, resistance area permitting.
confluence 1.27/1.68 outside descending channel. bull view in a dwntrend to be taken with caution.
bear view 3top 2.089x area
first pb from btm channel 0.618, 1.618 exp resistance and 200 fib target reached.
pb again on 50% fibo (bull correction continued) and up to possible 1.27 (2.09600) target, resistance area permitting.
confluence 1.27/1.68 outside descending channel. bull view in a dwntrend to be taken with caution.
bear view 3top 2.089x area
Comment:
target zone reached 2016-01-10/11
Trade closed: target reached