TradingView
UnknownUnicorn163516
Sep 15, 2017 6:58 AM

I try to use same methodology for GBP analysis (FIBO, 0.618). Long

British Pound/U.S. DollarFXCM

Description

I am not Fibonacci Master, however I respect this type of analysis. I have tried to make setup for EUR 0.618-0.618 yesterday, now I try to use similar approach and publish GBP setup. I can see similar historical move on it just timing a little differ. This setup is based on idea that we could see a correction to 2017's growth from 0.618 level (if happens) of a huge move (from July 2014 till October 2016). So the idea of this setup also is: "from 0.618 to 0.618".

Trade active

Trade active

Trade active

Order cancelled

Trade active

Trade active

Trade closed manually

Order cancelled

The dangerous asset. A rigorous risk management is mandatory.
More