Buying fresh demand - looking for 1,236 FIB extention
Updated
GBP is very interesting these days. There is a lot of uncertainty regarding possible Brexit. Some might position themselves for a big drop back to 2009-levels. So my general idea is to look for buy-opportunities on the way up to 1.52-levels and short from there - IF the Brexit happens. If NO brexit happens, I think the GBP will stabilize around 1.53-1.55 so in that scenario I am bullish .
Todays trade: Based on fibonacci and supply/demand analysis, I am buying the 61,8% pullback at 1.43940 and heading for push to 1,236% at 1.49170.
Todays trade: Based on fibonacci and supply/demand analysis, I am buying the 61,8% pullback at 1.43940 and heading for push to 1,236% at 1.49170.
Note
I was stopped out on a tight SL. I am entering again. Same idea.
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