timmynorin

GBPUSD - After our breather, comes the next dive.

Short
FX:GBPUSD   British Pound / U.S. Dollar
We have hit a historically strong and stubborn support & resistance zone, a psychological round number 1.2400, a 0.618 fibonacci retracement of X-A, and our momentum has been weakening - and even broke to the downside.

Now its time to jump on the bear train again! Or at least I am.

Targets are marked on the cart, with a potential zone which we may very likely hit within the next 30 days.

Entered: 1.2392

Elevator, bring us down please.
Trade closed: stop reached: Broken to the upside, we may see a bullish upside of 1.2550 and possibly 1.2700

Comments

Looks good. Thanks for sharing
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Very nice, what re-trace should I look for?
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