GBP/USD 1h chart setup
GBP/USD has been showing out a perfect Fibonacci pattern.
Could it break through the 61.8% barrier & eventually hit the 100% retracement level?
"Fibonacci is mostly self-prophecy of traders, & it happens mostly in most traded currency."
SETUP suggestion:
Long @ 1.312 >> 50% retracement level
SL @ 1.308 >> 50% level unable to hold & leave some space for fake breakout
TP @ 1.33 >> 100% retracement level
Trade at your own risk.
Sorry for bad English & I wish you good luck.
Kyle the average trader.
GBP/USD has been showing out a perfect Fibonacci pattern.
Could it break through the 61.8% barrier & eventually hit the 100% retracement level?
"Fibonacci is mostly self-prophecy of traders, & it happens mostly in most traded currency."
SETUP suggestion:
Long @ 1.312 >> 50% retracement level
SL @ 1.308 >> 50% level unable to hold & leave some space for fake breakout
TP @ 1.33 >> 100% retracement level
Trade at your own risk.
Sorry for bad English & I wish you good luck.
Kyle the average trader.