possible short trade on GBPUSD , will be watching this one carefully. We are Menora Markets, I am Sir Thapelo.
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price shot down then rejected back up when volatility bands had a breakout signaling possible bullish movement. also when I plot my fibs and the most swing swing highlighted, price turned right at my PRZ fib zone signaling bullish movement. Price has also been making mini HHs and HLs and not really bearish market structure. So I decided to get out.
lesson learnt: pay attention to most recent swing when relying on fib entries.
lesson learnt: pay attention to most recent swing when relying on fib entries.