IOX-FX - GBPUSD - SIGNAL - bearish trendline break + 0.618 fib
Gbpusd
The price of gbpusd has broken the upper trendline of the bullish channel, now I expect a fibonacci retracement to the 0.618 level, which is also a support zone.
In lower timeframes a bullish channel has formed.
Possible target: 1.36077
Signal:
Entry: 1.34195
Take profit: 1.36050
Stop loss: 1.33790
The price of gbpusd has broken the upper trendline of the bullish channel, now I expect a fibonacci retracement to the 0.618 level, which is also a support zone.
In lower timeframes a bullish channel has formed.
Possible target: 1.36077
Signal:
Entry: 1.34195
Take profit: 1.36050
Stop loss: 1.33790
Note
+25 pips
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Related publications
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.