GBPUSD: Upwing nearing an end?
It was a big leg down from July - Sept -
so some attempt at selling a retracement makes sense
- probably in the pocket between the 50% and 61.8% Fib levels.
Trade: Sell a bounce into 1.27 down towards 1.24, cut losses above the 61.8% Fib
so some attempt at selling a retracement makes sense
- probably in the pocket between the 50% and 61.8% Fib levels.
Trade: Sell a bounce into 1.27 down towards 1.24, cut losses above the 61.8% Fib
Comment:
Quite a lot of chop at the supply zone - trade working for now
