GBPUSD
GBP has been trading under 200 SMA, so it's still bearish. The candle is around at D1 trend down and fb 0.618. It's good for swing low but waiting for candle confirmation. There are 2 plans:
- Plan A: if candle has informed, entry short & put SL at/or above fb 0786.
- Plan B: if plan A fail, short again at fb 0.786 & SL at/or above fb 1.00. This is a last trade to catch the whole main trend down.
If both plans fail -> game over :))
Trade What You SEE, Not What You THINK.