GBPUS has successfully broken a past resistance level 1.3130 (blue dotted line) and right now its finishing making a correction to the 61% and 50% Fibonacci levels, using the Fibonacci Extension tool I can calculate a Take Profit level which is 1.3210. If price breaks the red dotted line at 1.3200 which is also a support zone, then the trade will be canceled.
You can buy right now when the price ranges between the Fib levels and set your Stop Loss at 1.3200
You can buy right now when the price ranges between the Fib levels and set your Stop Loss at 1.3200
Trade active
Trade closed manually
Closed trade in profit
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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.