GBPUSD retest of trendline with fib confluence
Mis à jour
Hi traders,
The GBPUSD has broken the bullish trendline this week. The 1.406ish area has been tested a few times now. For the coming week I am expecting a retracement back to this trendline, from where we can enter a short position.
Entrypoint may vary, but will probably be close to the 1.428 area. Depending on how fast the market moves.
NOTE: JUST SHARING THIS IDEA, NOT ACTUALLY TRADING THIS ONE DUE TO IT BEING A GBP PAIR
Entry: 1.420 (Or at the retest of the trendline)
Stop: 1.428
Target 1: 1.407
Target 2: 1.3864
Best of luck!
The GBPUSD has broken the bullish trendline this week. The 1.406ish area has been tested a few times now. For the coming week I am expecting a retracement back to this trendline, from where we can enter a short position.
Entrypoint may vary, but will probably be close to the 1.428 area. Depending on how fast the market moves.
NOTE: JUST SHARING THIS IDEA, NOT ACTUALLY TRADING THIS ONE DUE TO IT BEING A GBP PAIR
Entry: 1.420 (Or at the retest of the trendline)
Stop: 1.428
Target 1: 1.407
Target 2: 1.3864
Best of luck!
Transaction en cours
Trade fermée: ordre d’arrêt atteint
Publications connexes
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.