ChrisJV

Trend following on GBPUSD

ChrisJV Updated   
FX:GBPUSD   British Pound / U.S. Dollar
After a lateral moment, the price went out the rectangle and we can trace a trendline using the two low. In my opinion the price is retracing till the next level wich is in the fibo retracement of ABCD pattern. Probably it could test the trendline, reach the D point and retrace again
Order cancelled
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.