IOX-FX - GBPUSD - SIGNAL - bearish trendline break + 0.618 fib
Gbpusd
The price of gbpusd has broken the upper trendline of the bullish channel, now I expect a fibonacci retracement to the 0.618 level, which is also a support zone.
In lower timeframes a bullish channel has formed.
Possible target: 1.36077
Signal:
Entry: 1.34195
Take profit: 1.36050
Stop loss: 1.33790
The price of gbpusd has broken the upper trendline of the bullish channel, now I expect a fibonacci retracement to the 0.618 level, which is also a support zone.
In lower timeframes a bullish channel has formed.
Possible target: 1.36077
Signal:
Entry: 1.34195
Take profit: 1.36050
Stop loss: 1.33790
+25 pips