J_Graystone
Short

GBPUSD Short TCT Opportunity

FX:GBPUSD   British Pound/U.S. Dollar
879 2 18
A slow week this week but during the live room this morning, we were identifying the next opportunity to get short on the Cable and as you can see, we have a 382 retracement on the HTF             along with a 618 retracement from the previous high to swing low.

We also have a 1618 extension in that zone which all lines up with previous structure support which we can now expect to provide resistance.

RSI is also at 80.

Will be keeping an eye on this pair looking for entry reasons if we can push up into that zone.

See you in the live room tomorrow.

http://www.tradeempowered.co.uk

what TCT stand for ?
Reply
there is a gartley in play on the 60min for the pound so we can deffinetly short a 61.8%!
+1 Reply
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