FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
827 16 24
50% REJECTION.

BUY @ BREAK OF TRENDLINE RESISTANCE.
ONLY GO LONG AFTER D1 CLOSE ABOVE TRENDLINE RESISTANCE.
THIS IS IMPORTANT, AS PRICE COULD ALSO FAKE THE RESISTANCE AND TUMBLE FURTHER DOWN TO 61.8%.

NO UPDATES IF LESS THAN 20 LIKES.

SCENARIO 2 :
snapshot
UPDATE 4 : THIS IDEA IS PRETTY MUCH INVALIDATED UNLESS SOME MAGICAL BULLS APPEAR OUT OF THE RAINBOW. I.E. GBP IS BEARISH.
+1 Reply
Andyle PriceActionTrading
In short GU, GJ, UC now.
Reply
Nice. Following the trend. Very possible
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UPDATE 3 :
snapshot
+2 Reply
URIFX PriceActionTrading
I consider other scenario that price may retract 100% or more....
Reply
Yea. If prices closes below 61.8% tonight, then this idea will be invalidated. We will look for other setups, possibly 88.6 - 100% yea.
Reply
UPDATE 2 :
snapshot
+1 Reply
UPDATE 1 : SCENARIO 2 MOST LIKELY. LOOK FOR BULLISH REJECTION PATTERN @ 1.5400 - 1.5450.
Reply
Nice plan mate. Thanks
+1 Reply
Yea. Good luck.
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