OANDA:GBPUSD   British Pound / U.S. Dollar
So GBPUSD is in a clear uptrend, so on a 4h pullback look to enter previously on our last two trades we have utilized the 0.618 pullback to bag lots of pips, so can we expect a third 0.618 4h pullback to enter on? time will tell, its for sure something i have my eye on, if the rally is really strong we might retrace higher up the fibs, price action or rvi indicator can help.
Trade active

Comments

I like this chart
+1 Reply
nice chart👍
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Do you think going short would be a good idea?
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Feltzilla Masszay
@Masszay, not really, i am tempted to look for a short, but more interested in the long. it may never get to the 0.618 could hit a retracement higher up and fly
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Nice
+1 Reply
lovely
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It's not hard to see why most retail traders lose money.
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Saf97 StewySongs
@StewySongs and why’s that?
+1 Reply
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