GBPUSD: Bullish Reversal?!
Hi Traders,
I am watching Pound here for a potential bullish 2618 setup.
Looking for price to come down into the 61.8% Fibonacci retracement to go long. You may be wondering why not just go long now? If we wait for price to move lower it offers a better risk to reward profile, that's why. Have to be patient.
Trade details:
Entry: 1.30020
Stop: 1.29350
Target 1: 1.30840
Target 2: 1.31220
Good trading,
Luke
I am watching Pound here for a potential bullish 2618 setup.
Looking for price to come down into the 61.8% Fibonacci retracement to go long. You may be wondering why not just go long now? If we wait for price to move lower it offers a better risk to reward profile, that's why. Have to be patient.
Trade details:
Entry: 1.30020
Stop: 1.29350
Target 1: 1.30840
Target 2: 1.31220
Good trading,
Luke
Trade active
Trade closed: stop reached
Stopped out. Not the way I would have like to end the week!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.