Hi traders,
On the GBPUSD we can see a bat pattern forming, which will complete at point D. This is the exact point where we can see the 161.8% Fibonacci extension of the move that formed a few days ago. We can also see the 61.8% Fibonacci retracement around this area. All these things considered, I'm willing to enter.
Entry: 1.31072
Stop: 1.30132
Target: 1.32559 = R:RR 1.58
Good luck! Updates will follow.
On the GBPUSD we can see a bat pattern forming, which will complete at point D. This is the exact point where we can see the 161.8% Fibonacci extension of the move that formed a few days ago. We can also see the 61.8% Fibonacci retracement around this area. All these things considered, I'm willing to enter.
Entry: 1.31072
Stop: 1.30132
Target: 1.32559 = R:RR 1.58
Good luck! Updates will follow.
Trade active
Trade closed: stop reached
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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.
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.