GBPUSD Short Trade *FIBONACCI & TRENDLINE*
GBPUSD has now reached the defending trendline on the 1hr/4hr lower highs.
I have a Fibonacci Retracement cluster in this zone with the 0.618 and 0.786 levels providing a good potential resistance. There is also the descending trendline here and previous support zone.
Stop loss is 45pips above the current highs.
I am targeting previous lows for profit taking but I will pay attention to the zone around 1.31. There is an ascending TL here and price has previously bounced around that zone.
I have a Fibonacci Retracement cluster in this zone with the 0.618 and 0.786 levels providing a good potential resistance. There is also the descending trendline here and previous support zone.
Stop loss is 45pips above the current highs.
I am targeting previous lows for profit taking but I will pay attention to the zone around 1.31. There is an ascending TL here and price has previously bounced around that zone.
Trade attivo
Commento:
Very choppy but resistance at 1.32420 is still holding strong.
Commento:
Recent support levels broken... next target is 1.30
Trade chiuso: obiettivo raggiunto
