GBPUSD long idea
Updated
Price is moving in an up trend and it clearly needs a retracement (RSI Divergence).
After the broke of 1.36 (Our last setup wasn't respected.) we are watching to a retest of this zone and we found an IPA zone which corresponds exactly to our 0.5 fib level of the leg.
In my view price at the open will go to 1.3700 and than down to our IPA zone for the retracement.
I placed a buy limit to 1.35717 with 1.38 as TP and 1.3525 for the SL.
Let's see if my prediction is correct.
After the broke of 1.36 (Our last setup wasn't respected.) we are watching to a retest of this zone and we found an IPA zone which corresponds exactly to our 0.5 fib level of the leg.
In my view price at the open will go to 1.3700 and than down to our IPA zone for the retracement.
I placed a buy limit to 1.35717 with 1.38 as TP and 1.3525 for the SL.
Let's see if my prediction is correct.
Trade active
Note
100% accuracy
Related publications
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.