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Nickelor

GBP/USD Long term

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Nickelor  
FX:GBPUSD   British Pound / U.S. Dollar
Technical Indicators technical trader
1
0
indicator technical trader
Despite neutral fundamentals, the confluence of long term support and Fibo 0.618 retracement from June lows, could be a significant technical turning point in the market. MACD's long term and short term are pointing in the right direction too. I am targeting and entry on the break of the next fractals level at 1.2925. I have set up short stop because of my account size, but LT stops would reasonably be around 1.2800 and 1.2825. LT Target at 1.3600/1.3625.
This is just my opinion, not an advice.
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