USDGBP
4H Long
1. Price retraced WXY to fib
ext. 1:1 below major support with Bullish DIV at oversold
2. Price Break up major support and retraced
back to fib level 0.5 at major support + break recent trend resistance at 55EMA + 200EMA
3. Long USDGBP at 200EMA (current concern = price still under VWAP)
4. TP 1 = Fib ext 1:1 = $0.812
TP 2 = fib 1.236 (also Fib level 0.618 of WXY correction) = $0.823
5. SL = $ 0.76477 (under major support)
6. R:R = 1:5.5
4H Long
1. Price retraced WXY to fib
ext. 1:1 below major support with Bullish DIV at oversold
2. Price Break up major support and retraced
back to fib level 0.5 at major support + break recent trend resistance at 55EMA + 200EMA
3. Long USDGBP at 200EMA (current concern = price still under VWAP)
4. TP 1 = Fib ext 1:1 = $0.812
TP 2 = fib 1.236 (also Fib level 0.618 of WXY correction) = $0.823
5. SL = $ 0.76477 (under major support)
6. R:R = 1:5.5
Trade closed: stop reached
PX2
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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.
PX2
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.