GBPUSD - After our breather, comes the next dive.
We have hit a historically strong and stubborn support & resistance zone, a psychological round number 1.2400, a 0.618 fibonacci retracement of X-A, and our momentum has been weakening - and even broke to the downside.
Now its time to jump on the bear train again! Or at least I am.
Targets are marked on the cart, with a potential zone which we may very likely hit within the next 30 days.
Entered: 1.2392
Elevator, bring us down please.
Now its time to jump on the bear train again! Or at least I am.
Targets are marked on the cart, with a potential zone which we may very likely hit within the next 30 days.
Entered: 1.2392
Elevator, bring us down please.
Trade closed: stop reached
Broken to the upside, we may see a bullish upside of 1.2550 and possibly 1.2700
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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.