Get started
tommyb35

Fib inversion setup at a major weekly structure level

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
tommyb35  
FX:GBPUSD   British Pound / U.S. Dollar
fibinversion majorstructure
4
0
fibinversion majorstructure
With the gbp/usd breaking a major structure (support) level earlier today. it is now rallying back up to the 1.42266 structure level that has Fibonacci 1.618 inversion confluence. if this trade fits into your plan, it is an excellent opportunity with a ton of potential reward for not much risk.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.