FX:GBPUSD   British Pound / U.S. Dollar
727 9 24
-3RD BOUNCE OF TRENDLINE AND REJECTION
-GREAT RR
-SET TO DROP AGAIN
-FUNDEMENTALLY LOTS OF UNCERTAINTY WITH THE POUND AT THE MOMENT
-COULD WAIT FOR A 1H BREAK AND CLOSE PAST A COUNTER TRENDLINE TOO
-KEEP EYE OUT FOR FIB LEVELS ESP             THE 0.618
-HAPPY TRADING PEOPLE
-THATS MY FIRST TARGET
-IL TAKE 70 PERCENT OFF THERE
Comment:
Comment: Not entered short yet....we still look at the pairs in an unbiased way.....

If we have a break long and close one the 4h it will be a great entry for Long

But I feel we might retest the area again before a drop be patient and wait for breaks in structure
Comment:
Comment: As you can see FIB 0.618 held strong as support and hit another fib level, then retraced
nice bounce of the 0.618 area would had hit full target it broke round that area, good set up nevertheless
+1 Reply
Go Long on GBPUSD.. Great demand
Reply
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