EzraCapital
Short

GBP/USD H4 Technical Update

FX_IDC:GBPUSD   British Pound / U.S. Dollar
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After a successful A,B,C,D Daily playout on the pair it is now time to re-evaluate the sterling situation.

1.5350 Was acheived along with 1.5000! The fine work of Technicals, historical data and Fibonacci came together once again to
give us high accuracy confluences in order to take profit.

Currently awaiting the 3rd TL bounce around 1.5100 in order to take this pair short again with
1.4868 TP 1
1.4750 TP 2
1.4675 TP 3....

A weekly/monthly close below 1.4800 may ear the GBP/USD even lower to 1.4500!
keeping a close eye on this one as a lucrative opportunity may be around the corner..






Comments

Superb, no-nonsense analysis, as always. What are the 2 vertical white lines, though?
Reply
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