TradingView
JamesSpindler
Nov 12, 2020 8:48 AM

GBPUSD - UPSIDE Long

British Pound/U.S. DollarFXCM

Description

Quick upside today after a bounce off of Fibonacci and SMA's.
Comments
JamesSpindler
Very close call but back above fibonacci!
forexhalfsaint
hello! may i ask what was the reasoning for making a long here?
JamesSpindler
@forexhalfsaint, Hello! We are longing due to the support currently found at fibonacci, after it broke through the popular reversal zones 0.382 - 0.68. It may drop below fibonacci and test 200SMA, but this would invalidate the upside / convert the fibonacci support level to resistance. Visit our profile / send us a message if you are trying to learn! :)
More