GBP-USD
I wanted to give a chance to this quad on the d1
It is at 4 MML so not the perfect location, but however an interesting level.
the down movement has been rejected ( at least for now ) between the Fibo levels of 61,8% and 78,6%
Today, I saw the price try to go down, but it seems sellers have no strenght
So, I decided to enter long hoping the quad will work and the up trend will resume
I gave to the stop 200 pips placing it below the round number of 1,30 ( at 1.2987 )
Let's see
I wanted to give a chance to this quad on the d1
It is at 4 MML so not the perfect location, but however an interesting level.
the down movement has been rejected ( at least for now ) between the Fibo levels of 61,8% and 78,6%
Today, I saw the price try to go down, but it seems sellers have no strenght
So, I decided to enter long hoping the quad will work and the up trend will resume
I gave to the stop 200 pips placing it below the round number of 1,30 ( at 1.2987 )
Let's see