GBPUSD - Small Short opportunity with good R/R before Buying !
Looks like a good opportunity to short this for a few pips.
Pending order at the 61.8% retracement level.
If price does not reach it and goes lower, just cancel that order and look to buy once wave C of 2 ends.
Entry : around 1.2930, 61.8% Retracement level.
Stop : 1.3020
Targets : 1.2740 / 1.2670 / 1.2580
Third target has the least chance of getting hit, so think about taking some profits before it happens.
Pending order at the 61.8% retracement level.
If price does not reach it and goes lower, just cancel that order and look to buy once wave C of 2 ends.
Entry : around 1.2930, 61.8% Retracement level.
Stop : 1.3020
Targets : 1.2740 / 1.2670 / 1.2580
Third target has the least chance of getting hit, so think about taking some profits before it happens.
Kommentar:
Price rallied above our stop and got us out of this one.
Kommentar:
We might be in a Flat pattern and price might come down around 3068 but I won't trade this one, there are easier patterns we can trade on other pairs
Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Subscribe to my FREE Telegram Channel for more updates
t.me/em16public