fibonacciaustrian

A quick short coming?

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
A nice short set up here, 1st target on
8 min (cant post that on tview) is 1.27050 and the second 1.26950

Longterm: Trend still remains down for approximately 118 days now.

No sign of reversal anytime soon it seems.

Happy Shorting,

FIBAUS

Comment:
In this case, price rebounded from the possible short and became a quick long. One would simply fool the flow, recognise the trend and go long.

Point to Remember: Your set up is YOUR set up,,,, the market will do what it wants and you must adjust.

Happy Trading,

FIBAUS

Eat, Sleep, trade
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