GJ is heading towards 152.4 area or even further
Updated
GBP Finally broke the support of 155.50 with such a huge force that it did not get any chance to re test it as a resistance. However, it also broke the support of 38.2% Fibo level also (as in picture) without any issue. Now for this week, I am expecting GJ to go further down towards my final destination of 152.40 area. But there is a chance that it may test 154.61 zone or the wedge or the 155.48 zone before giving the final push.
Please note that smart and big investors already took their position at 157.10 and 155.50 zone so they will push the price further down to maximize their return.
Please note that smart and big investors already took their position at 157.10 and 155.50 zone so they will push the price further down to maximize their return.
Trade active
putting my first sell order according to the above analysis Sell : 154.34
TP: 152.50
SL/Hedge: 155.25
Trade closed: target reached
Comment: Hi Guys Taking my profit a bit early as it reached to 50% Fibo Level. Manually closed at153.62. I expecting a bit of price ranging around this area before finally going down. So will wait for a better entry sometime today or tomorrow and short again. Made an excellent profit.
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This is not a financial advice. Do your own research before you trade.
Trading Forex carries significant risk and losses associated with forex trading may be greater than initially expected
This is not a financial advice. Do your own research before you trade.
Trading Forex carries significant risk and losses associated with forex trading may be greater than initially expected
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