I personally believe we have reached the TOP of the GBPUSD uptrend today and should start to see some BEARISH momentum taking it down towards 1.33.
It should face the two major fibonacci levels of (0.5 and (0.236 of Macro)), where it will be tested and face rejection at this key level of support.
Good luck.
It should face the two major fibonacci levels of (0.5 and (0.236 of Macro)), where it will be tested and face rejection at this key level of support.
Good luck.
Trade active
Average Entry: 1.38572... Let's do thisNote
GBPUSD attempted to retest the previous high but failed. We should continue with the downtrend from hereNote
I'm approaching this trade with a swing strategy, willing to hold for a week or two until it reaches my TP levels.. Will mention when where my stops will be moved at a later stage. Happy tradingNote
The ideal break down to TP..Note
Possible triple top? Note
A daily close above previous high will lead me to close the trade
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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.