GBP 4H chart indicates downtrend.
The former bullish channel has been broken.
At the moment the price is a little above of 0.618 Fib level starting from the last swing high.
If the resistance does not hold, then it may be a shift in the trend.
Until then, I more into shorts for the pair.
The former bullish channel has been broken.
At the moment the price is a little above of 0.618 Fib level starting from the last swing high.
If the resistance does not hold, then it may be a shift in the trend.
Until then, I more into shorts for the pair.
Trade active:
IC Markets SC price ->1.62900, so 50 pips in profit. Closing 30% of position.
Comment:
Target 1 achieved at the recent support. The rest to BE.
Comment:
BE closed the residual.