Currently, the pair finds itself at the 0.5 Fibonacci retracement level, a key technical indicator often associated with potential reversals and continuation patterns in the market.
I have entered into a small buy position to hold through the Asian session and into London tomorrow morning.
GBP/USD Buy
Entry: 1.26144
Stop: 1.25905
Profit: 1.26646
I have entered into a small buy position to hold through the Asian session and into London tomorrow morning.
GBP/USD Buy
Entry: 1.26144
Stop: 1.25905
Profit: 1.26646
Comment:
Stop moved to BE and closed 50%. Risk free trade.
Comment:
Hoping to see a bounce off the 0.382 level and continue to TP.
Trade closed manually:
Took 25 pips off the table after the initial move up then returned to BE.
Trade closed: target reached