RCtrader2

GBPUSD October in the Spotlight

FX:GBPUSD   British Pound / U.S. Dollar
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11
If the price breaks 1.2950 level then the bulls could make a run towards the next fibo level(s). If it breaks 1.2900 then the bears will take the lead.
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Trade closed manually: The price was rejected by the 0.382 Fibo level once again.

Comments

and what i consider is: a bearish market, which has been rejected from specific point twice... it needs support...thats y near 1.27 mark soon.. and as a risk taker i suggest take sell and make stop out above rejected figure..Trader should be risk taker, if money management allows.:@
+2 Reply
RCtrader2 maharjan
@maharjan, It makes sense. :)
Reply
so taking ur experience u tell what will happen next...down or up?
+2 Reply
RCtrader2 maharjan
@maharjan, I expect it to be moving upwards.
Reply
Ok
+1 Reply
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