GBPUSD short entry at the 61.8 retracement
Hi all,
For next week on the GBPUSD I am looking to enter a short position around the 1.435 area.
This area is the 61.8 fib retracement of the move down in februari and also has some support & resistance in the past.
Targets and stops are in the chart.
Stoploss is about 60 pips above the entry point; just above the closing candle of two weeks ago.
Best of luck!
For next week on the GBPUSD I am looking to enter a short position around the 1.435 area.
This area is the 61.8 fib retracement of the move down in februari and also has some support & resistance in the past.
Targets and stops are in the chart.
Stoploss is about 60 pips above the entry point; just above the closing candle of two weeks ago.
Best of luck!
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