GBPUSD Short Trade *FIBONACCI & TRENDLINE*

GBPUSD has now reached the defending trendline on the 1hr/4hr lower highs.

I have a Fibonacci Retracement cluster in this zone with the 0.618 and 0.786 levels providing a good potential resistance. There is also the descending trendline here and previous support zone.

Stop loss is 45pips above the current highs.

I am targeting previous lows for profit taking but I will pay attention to the zone around 1.31. There is an ascending TL here and price has previously bounced around that zone.

עסקה פעילה

הערה:

Very choppy but resistance at 1.32420 is still holding strong.

הערה:

Recent support levels broken... next target is 1.30

עסקה סגורה: היעד הושג