MMBTtrader

GBPUSD will fall more now or from 0.61% of Fibonacci structure

Short
FX:GBPUSD   British Pound / U.S. Dollar
As we can see we would expect continue of falling from this level that we have rejection from 0.38 % of Fibo or the price will pump a little more to 0.61% of Fibo (second retest of broken trendline too) and then start to fall to our targets .

Targets are :
A.1.3850
B.1.3780

purple arrows are previous analysis that are :


and..

<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>

if and if we lost 0.61% of fibo falling then the price can go higher too and new high that would be
Trade closed: target reached: +180 pips in two days

Comments

Wonderful chart..
+2 Reply
AgressivLeader MirandaSimandl
Reply
MMBTtrader AgressivLeader
Reply
MMBTtrader MirandaSimandl
@MirandaSimandl, thanks a lot
Reply
Good tips. Thank you for sharing, mate ;)
+1 Reply
MMBTtrader StevesTradingV
@StevesTradingV, thanks a lot mate
Reply
yeah that would be a nice pullback
+1 Reply
MMBTtrader ProjectSyndicate
@ProjectSyndicate, thanks a lot
Reply
Another nice work! thank for sharing
+1 Reply
MMBTtrader Serana2324
@Serana2324, thanks madam
Reply
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