Trading_Jazz
Short

Where we are, where we go... i'm a bear here

FX:GBPUSD   British Pound/U.S. Dollar
Triggered at strong ResistanceH4, i've a short position with target near ResistanceW1 (now support).
Synced with the 61.8% level of Fib Extension from A to B, and looking back the structure on daily chart , we can imagine a possible retracement to the 23.6% level of all the move from Support W1 to ResistanceH4.
Eventually, breaking ResistanceW1 (now support), it can fall to a larger movement to SupportD1 level with the nearest target close to the 50% extension (something like 50 pips from resistanceW1), last TOP from April 29, and then the fall, if not a false break, to the 61.8% fib retracement.

Wishes of profitable trades.
618fib.com
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