This trade for me is a risky trade as the moving averages have not yet given much confirmation to a trend reversal therethrough I will be prediction the direction this is really just to see what happens for me however if it comes though it could be a nice trade it should fall the the next fib level however my TP is a few pips before then! I like the look of this...
after GPB/USD stalling on a level of resistance, and moving averages coming to a cross over. We might see it break short and drop to fibonacci level 0.38
using fibonacci retracement (long) we can see the level where the price may go, I used my own analysis and drew my own triangle to also using the yellow horizontal rays to plot support and resistance of previous levels.
