GBPUSD: Sell at the 0.618RET and the Resistance Zone
The market has breached the upward trendline, and also the starting point of last rise was broken out.
Now the price is pulling back, maybe a short-term top formed.
A good short place is at the 0.618RET which is also a srong resistance.
Meanwhile the Supple zone also works at the area.
So it is good to sell at 1.293-1.295 level when the price pulls the PRZ back again.
SL: above 1.300
TP1: 1.277
TP2: 1.267
TP3: 1.256 and further more
Now the price is pulling back, maybe a short-term top formed.
A good short place is at the 0.618RET which is also a srong resistance.
Meanwhile the Supple zone also works at the area.
So it is good to sell at 1.293-1.295 level when the price pulls the PRZ back again.
SL: above 1.300
TP1: 1.277
TP2: 1.267
TP3: 1.256 and further more
Trade active:
Comment:
Very nice, the UN election helps reach the TP1 and TP2.