EUR/GBP LONG 30 min chart
A fast trade could be set in the 50% Fibonacci retracement, waiting on significative signals from the next candles to enter the trade.
The level of retracement will tell us also the strength and the speed of the bulls coming back. I drew arrows to express my opinion on the possible bounces, but I will not move till I hear the price action opinion. The best scenario would be a 50% retracement because it would give the trend the most solid long configuration (50% fib is also the Kijun Sen of my Ichimoku). Let's wait and see
Just my view
The level of retracement will tell us also the strength and the speed of the bulls coming back. I drew arrows to express my opinion on the possible bounces, but I will not move till I hear the price action opinion. The best scenario would be a 50% retracement because it would give the trend the most solid long configuration (50% fib is also the Kijun Sen of my Ichimoku). Let's wait and see
Just my view
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.