Hi Traders,
Like my EURGBP post, GBPUSD is now at the 50% retracement from current swing highs.
If it breaks above the 50% on the Daily candle, i expect a good amount of reversal to the 1.32xx area.
(Quote from a old futures trader: "if the move reverse more then 50%...more then likely it will continue futher)
Favouring more of the UP side for this trade but we have to be paitent to see what it gives us.
Take a look at my EURGBP chart and you will understand it better (hopefully)
All the best and trade safe guys.
Please give this idea a like if you share the same view.
Follow me to show your support! I will genuinely appreciate it!
Like my EURGBP post, GBPUSD is now at the 50% retracement from current swing highs.
If it breaks above the 50% on the Daily candle, i expect a good amount of reversal to the 1.32xx area.
(Quote from a old futures trader: "if the move reverse more then 50%...more then likely it will continue futher)
Favouring more of the UP side for this trade but we have to be paitent to see what it gives us.
Take a look at my EURGBP chart and you will understand it better (hopefully)
All the best and trade safe guys.
Please give this idea a like if you share the same view.
Follow me to show your support! I will genuinely appreciate it!
