GBPUSD - Pre-analysis (14.9.2018)
- Higher TF structure is bearish but it seems that there is still more room for upside movement, price could potentially reach 1.31500 - 1.32000.
- 4hr shows a break of structure, awaiting for the retracement.
- I'm entering off a 1hr fib set up with 61.8 locked in for entries.
- Stops placed just below 78.6.
- 3.5:1 RR (+85 pips / -24 pips).
- Higher TF structure is bearish but it seems that there is still more room for upside movement, price could potentially reach 1.31500 - 1.32000.
- 4hr shows a break of structure, awaiting for the retracement.
- I'm entering off a 1hr fib set up with 61.8 locked in for entries.
- Stops placed just below 78.6.
- 3.5:1 RR (+85 pips / -24 pips).