Here we have a nice setup on GBPUSD. Price has come up to a nice bearish trend line along with a 4hr structure along with a looking like it is rejecting the 61.80% fib. So what do we have, we have 3 confluences. Trendline, Structure and the fib.

Now as I say in most of my Sunday posts I'm going to wait for the Monday London session to look at getting in to some short positions.

FibonacciSupport and ResistanceTrend Analysis

Feragatname