GBPUSD: Retest of Previous Structure Support

FX:GBPUSD   British Pound / U.S. Dollar
Looking at long opportunities here on the GBPUSD             as we retest the previous structure lows above the $1.31 price point. For you fibonacci lovers we also have confluence between the 1.272 extension & 1.618 inversion which you know is one of my favorite combinations.

The reversal started a little before I got to my charts, so I'm not involved yet, but this will be the number one pair on my trading radar as we head into today's Live Trading session.

Akil Stokes
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Trade closed: stop reached: BOOM!
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Went completely the wrong way! lol
+1 Reply
Akil_Stokes oussama11fcb
Darn right it did. Didn't even pause to tease me a little. So disrespectful! lol
TomPower BilboFx
Does anyone on here know what the hell they're doing cuz it's breaking my back
Strong Downside momentum
+1 Reply
Very strong
Why couter trend ? i see alot of your trades are countertrades
+1 Reply
Akil_Stokes Mariusrim87
That's simply my preferred style of trading. I take my fair share of trend continuation trades as well, but I'm more of a get in, get my profit and get out type of trader. I'm not a fan of keeping too much at risk for too long. So unless it's a no brainer opportunity, I don't look for that many massive continuation moves.
if EURGBP go down GBP can go up
Paul-FXTC BilboFx
Basic correlation
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