Analysis:
GBPPLN is currently in a bearish trend. As the price in at Fib retracement level 0.38, we can enter in a short trade. For this trade the stop loss will be at 5.28646 which is the previous lower high level.
------ Trade ------
Type: Short
Entry: 5.25754
Stop Loss: 5.28646
TP1: 5.22862
TP2: 5.19970
GBPPLN is currently in a bearish trend. As the price in at Fib retracement level 0.38, we can enter in a short trade. For this trade the stop loss will be at 5.28646 which is the previous lower high level.
------ Trade ------
Type: Short
Entry: 5.25754
Stop Loss: 5.28646
TP1: 5.22862
TP2: 5.19970
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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.
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.