11021992
Short

GBPUSD retest of trendline with fib confluence

FX:GBPUSD   British Pound/U.S. Dollar
82 1 5
8 months ago
Hi traders,

The GBPUSD             has broken the bullish trendline this week. The 1.406ish area has been tested a few times now. For the coming week I am expecting a retracement back to this trendline, from where we can enter a short position.
Entrypoint may vary, but will probably be close to the 1.428 area. Depending on how fast the market moves.

NOTE: JUST SHARING THIS IDEA, NOT ACTUALLY TRADING THIS ONE DUE TO IT BEING A GBP PAIR

Entry: 1.420 (Or at the retest of the trendline)
Stop: 1.428
Target 1: 1.407
Target 2: 1.3864

Best of luck!
8 months ago
Trade active
8 months ago
Trade closed: stop reached
newbie2016
8 months ago
If gu holds now 1.4155 then expect it to towards 1.4255.. break of 1.4155 will bring consolidation again in play..
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