Ash_FXtradingMadeSimple

Get this perfect FIB entry For 170pips

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
150 views
4
Trade I called out like half hour ago, I’m already in it, but now we’re getting extra confirmation with the fib retracement tool. I’ve marked up the high & the low, and also circled the rejection that we are now getting on my gold zone.

Let’s see how this one plays out.
If it doesn’t go out way then it’s just not meant to be.

1) we are in a down trend
2) broke and retested major support level
3) rejection on my 0.5 fib gold zone


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Comments

This trade really not going anywhere atm, I’m going to close out now and have another look at it Monday. By all means you can stay in the trade but you never know what sort of news may be brought out over the weekend.
Reply
The past 3 1hour candles have all rejected if that fib zone leaving huge wicks. Expect it to fall soon 👌🏼
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