Frank23

GBPUSD bounce off 0.618

Short
FX:GBPUSD   British Pound / U.S. Dollar
6
Price has bounced off the 0.618 fib level and is now showing signs of further bearish momentum. I will wait for a break of the monthly supp 1.2970 before entering the trade.

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.