Sell GBP/JPY at 201.1 — Fibo Overlap Setup, in line with the downtrend.
Condition 1: Trend alignment — price still has room to continue, and the downtrend remains intact.
Condition 2: Draw a Fibonacci retracement following the trend — the strongest zone (0.5–0.618) overlaps with a key level around 201.05–201.2.
Condition 3: An order block appears around the 201 area.
→ Conclusion: There is a sell setup at the 201.1 zone.
Stop loss: above the strong Fibonacci 0.5–0.618 zone.
Outlook: price is expected to continue falling.
Analysis by: Hung Minsk Fibo Trung
Condition 1: Trend alignment — price still has room to continue, and the downtrend remains intact.
Condition 2: Draw a Fibonacci retracement following the trend — the strongest zone (0.5–0.618) overlaps with a key level around 201.05–201.2.
Condition 3: An order block appears around the 201 area.
→ Conclusion: There is a sell setup at the 201.1 zone.
Stop loss: above the strong Fibonacci 0.5–0.618 zone.
Outlook: price is expected to continue falling.
Analysis by: Hung Minsk Fibo Trung
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.