CienFX
Short

Waiting for short

FX:GBPUSD   British Pound/U.S. Dollar
189 1 0
Let's wait for the price to reach the yellow zone and then see if we get the trigger to sell. in the case the price breaks the yellow line drawin at 1.6010 the we would be looking a long position.

UPDATE: This was close!!! :o(
DanHunt
3 years ago
If you had drawn the fib lines from that previous 1.612 to the low of ~1.592 you would have seen the 0.382 retrace would have coincided with the previous support levels that became resistance. Your yellow line was too high/inaccurate. That is why this did not work.
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