mgramos08
Short

GBPUSD 1H - Bearish Swing

FX:GBPUSD   Pound Sterling/U.S. Dollar
I placed my sell entry based on Fibonacci retracement .23% right after breakout of S3 at price 1.32821 and the take profit at .618% Fib at price 1.31751 and the stop loss just right at R3 at price 1.33060. This is a high probability trade with 4:1 risk and reward ratio.

Main Support Levels: S1: 1.3292 Main Resistance Levels: R1: 1.3299
S2: 1.3288 R2: 1.3302
S3: 1.3285 R3: 1.3306
Order cancelled: Changed momentum!
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