GBPUSD: Bullish Reversal?!

FX:GBPUSD   British Pound / U.S. Dollar
Hi Traders,

I am watching Pound here for a potential bullish 2618 setup.

Looking for price to come down into the 61.8% Fibonacci retracement to go long. You may be wondering why not just go long now? If we wait for price to move lower it offers a better risk to reward profile, that's why. Have to be patient.

Trade details:
Entry: 1.30020
Stop: 1.29350
Target 1: 1.30840
Target 2: 1.31220

Good trading,


Trade active
Trade closed: stop reached: Stopped out. Not the way I would have like to end the week!
lukeboland MindTrader
Nice setup, I thought so too!
MindTrader lukeboland
thanks nice chart.
+1 Reply
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