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Charts247TradingAcademy
Apr 23, 2024 6:52 AM

Short Covering in GBP/USD - Trend Reversal  Long

GBP/USDOANDA

Description

The trend is your friend! I agree but the trend is also meant to be bought at the low and meant to be sold at the high.
We have used the Fibonacci to determine that buying is a high-probability trading decision this morning.
We have seen a pullback into the buy zone on the 15 Mins chart.
The area of Targets are:
1.] 1.2392
2.] 1.2468
Stop at the LOD: 1.2330
Comments
TradingView
Good analysis. You have taken the time to explain really well.

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Charts247TradingAcademy
@TradingView, Thank you
deany_p
brilliant video, where did you learn that?
Charts247TradingAcademy
@deany_p thanks for your comment.
Turantuu
b
Chad_McDeid
Nice!
Charts247TradingAcademy
Charts247TradingAcademy
GBP/USD Update: Possible Downtrend resumes
jimpoll
Can you share your template ?
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