Pound on the best buying zone
The GBP reached the best buying zone I've pointed on the previous analysis.
Pound is known for it's great pullbacks, and it's never a good idea following the trend before 50% of the previous movement.
We've scalped the GBP on the fib 38.2%, which reached our target at fib 23.6%, and now it's time to get loose from our short positions and start positioning our long towards the tendency.
As ths stops should be right above the fib 76.4% (30 pips from the actual price), this area gives us a e very good risk/reward relation, as we aim for 100 pips.
Follow this trade:
tradingsmarts.tumblr.com
twitter.com/rodrigosmarts
Pound is known for it's great pullbacks, and it's never a good idea following the trend before 50% of the previous movement.
We've scalped the GBP on the fib 38.2%, which reached our target at fib 23.6%, and now it's time to get loose from our short positions and start positioning our long towards the tendency.
As ths stops should be right above the fib 76.4% (30 pips from the actual price), this area gives us a e very good risk/reward relation, as we aim for 100 pips.
Follow this trade:
tradingsmarts.tumblr.com
twitter.com/rodrigosmarts
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.