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fibsfriend
May 1, 2018 12:21 PM

Long at 1.3657 Long

British Pound/U.S. DollarFXCM

Description

Confluence of:

Lower line of daily/weekly upward channel stretching back from early 2017
Lower line of hourly downward channel from mid-April of this year
Retest of hourly bearish trend line that formed from late Jan to late March this year (green line)
2017 high
Confluence of fibs (76.4% 2018 low/high, 61.8% 28th nov-17th April low/high, 50% 6th Oct-17th April low/high, 38.2% 21st June-17th April low/high)
Shark pattern (close to the 113% possible D point extension)
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