I am currently in this trade but I still see some GBP weakness across the board. I think we will see a retracement back up-to the 78.6% fib level (purple box area) 0.85150 area. If we do see a retracement to this level wait for 4 hour candle closure forming a doji or spinning top as an extra confluence to take a short position.
Remember to take partial profits at 0% -20% and finally the -61.8%.
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.