In this setup we are trying to go long to take profit from a possible retracement of this massive GBP sale out , with an over extension in the H and D charts , in a reversal zone ( green ) or Optimum Reversal Zone ( dark green ), formed with Fib extensions and inversions, and structure levels
SL : 166.689
TP : 174.832 previous support , that should become a potential resistance level
Everything is possible !
NOTE : pay attention to your stop losses and seizing . The VIX is keep going higher ( we will tend to see more volatility in the markets, and investment banks will switch from portfolio management and reducing their exposure to day trading, and so, much more volume making prices move ... any level of price can be taken out ) . Good luck
SL : 166.689
TP : 174.832 previous support , that should become a potential resistance level
Everything is possible !
NOTE : pay attention to your stop losses and seizing . The VIX is keep going higher ( we will tend to see more volatility in the markets, and investment banks will switch from portfolio management and reducing their exposure to day trading, and so, much more volume making prices move ... any level of price can be taken out ) . Good luck
Trade active
Trade closed: target reached:
We a small profit ( - 50 % of what we've expected ), but it's necessary in this period where the is too much volatility and the actual macro issues...