Guys, I am mapping a movement for GBPUSD. My long term direction will be bullish. I am experimenting with new mapping style in lower timeframe, thus this chart emerges. Lets see if this experimental fibonacci sequence was a success or not. Please do not follow the analysis. I post it for my future reference only and it was still in experimental process. Thanks
Trade active:
Look for chance to place short order. Take 1st Profit at 1.3
Trade closed: target reached:
Short order target reached
Trade active:
Start buying at 1.298 - 1.2858 area