FX:GBPUSD   British Pound / U.S. Dollar
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personal prediction for gbpusd             next week, CMIIW
hey,
1.6586 is a previous resistance, and also 61.8 fibonacci level, i think the price will be going up to 1.7060.
but if the price going down it will stop at1.6285,
I'm new here, can you correct me if i'm wrong?
Reply
thanks for your thoughts. but i don't know you are saying to long or to short at 0.618? how would you know that the price will go further low or reverse?
if you long at 1.6586, where is your stop? if you short, where is your stop again?
this is just like guessing the coins, either upside or downside, but how you gonna trade your idea?
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