Hello Everyone. I want share my idea about GBPUSD.
Friday we saw some alive moves of GBP after big and strong fall, but it was actually correction which gave us perfect High, it broke little time 4h Resistance which was manipulation, start strong up movement at lowers timeframe and then got strong rejection and came back down. whit that movement we can see big money first stopped most sell orders and then continue real movement.
In my opinion and with my strategy i would like to see from that point retest that 4h resistance and then downside movement which will be perfect day trade, for that i used my Fibonacci levels and showed me exactly where can i wait price reversal movement.
Open short position - 1.2265.
Stop loss - 1.22615.
Take Profit - 1.21100 ( If i will be right and price will reach that point then i will try to follow with trail stop loss)
Always manage your risk!!! Good luck everyone!!!
Friday we saw some alive moves of GBP after big and strong fall, but it was actually correction which gave us perfect High, it broke little time 4h Resistance which was manipulation, start strong up movement at lowers timeframe and then got strong rejection and came back down. whit that movement we can see big money first stopped most sell orders and then continue real movement.
In my opinion and with my strategy i would like to see from that point retest that 4h resistance and then downside movement which will be perfect day trade, for that i used my Fibonacci levels and showed me exactly where can i wait price reversal movement.
Open short position - 1.2265.
Stop loss - 1.22615.
Take Profit - 1.21100 ( If i will be right and price will reach that point then i will try to follow with trail stop loss)
Always manage your risk!!! Good luck everyone!!!
