As we all can see on the 4H chart that the British currency made New Lower low and went up for a Retracement and retest as we expected and from that perspective we can make more sell positions for more downward momentum on the 4H and the DAILY charts
we think that the British currency will witness more decrease in the prices in the coming weeks therefore we choose to put our sell limit orders at the number of 1.36500 and our Fixed Stop loss will be 100PIPS more to the north at 1.37500
and regarding our first target we will make it right at the first support + the 61.8% Fibonacci levels at the numbers of 1.35000 from there we can see the next target at the lowest low on the 4H chart at the numbers of 1.34132
Use strict Money management
don`t move or remove your stop loss
Trade safe
we think that the British currency will witness more decrease in the prices in the coming weeks therefore we choose to put our sell limit orders at the number of 1.36500 and our Fixed Stop loss will be 100PIPS more to the north at 1.37500
and regarding our first target we will make it right at the first support + the 61.8% Fibonacci levels at the numbers of 1.35000 from there we can see the next target at the lowest low on the 4H chart at the numbers of 1.34132
Use strict Money management
don`t move or remove your stop loss
Trade safe
Trade active