We can appreciate a bullish structure, where our main fibo structure is perfectly met, creating a bullish pin bar on level 23%.
Our minor fibo structure is also met, respecting level 61.8%, which coincides with level 23% of the main structure.
GBPUSD has entered consolidation, but forming an inverted SHS being the right shoulder on level 38.2%.
We enter the trade on level 38.2% which later is proceeded with a pin bar.
Our Consolidation triangle has a total range of 334.7 pips. Which when broken, meets the -27% of the main structure.
Our minor fibo structure is also met, respecting level 61.8%, which coincides with level 23% of the main structure.
GBPUSD has entered consolidation, but forming an inverted SHS being the right shoulder on level 38.2%.
We enter the trade on level 38.2% which later is proceeded with a pin bar.
Our Consolidation triangle has a total range of 334.7 pips. Which when broken, meets the -27% of the main structure.