lawlee9
Long

GBPUSD Expecting a retracement

FX:GBPUSD   British Pound/U.S. Dollar
153 0 4
5 months ago
On a higher time frame, sterling hit the 23.6% FIB level (red horizontal line) at 1.28500. It tested once, bounced, and then came back and was supported again in that area. I projected a FIB expecting a 5 wave pattern here. I'm expecting the 5th wave to end around 1.32399, and then fall back down to 1.255 levels before the real correction comes into play. I added on my position at the 78.6% FIB to go long.
5 months ago
Comment: small dip, but found solid support. still holding...
5 months ago
Comment: Moving up nicely now.
5 months ago
Comment: Stop is at 1.28536. Still in play. Target may be adjusted to the 38.2% at 1.31551. Still tentative.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out