CONTINUATION SHORT GBPUSD
TRADE = SHORT
1) DOJI CONFIRMED ON BOTH WEEKLY AND DAILY CHARTS
2) 50% FIBONACCI RETRACEMENT
3) MAJOR DAILY SUPPORT TURNED RESISTANCE
4) HEAD AND SHOULDERS FORMED ON 1 HOUR CHART
MISSED EARLY ENTRY AT SUPPORT 1.4584 BUT GOOD ENTRY ON 4 HOUR CHART AT 1.4420
SHOULD PRICE REVERSE THEN LONG POSITION TO 61.8% FIB RETRACEMENT
ENTRY ORDER - 1.4420
STOP LOSS - 1.4670 (PREVIOUS HIGH AND ALSO AT FIB EXTENSION LIN 1.113)
TAKE PROFIT - 1.4148(PREVIOUS LOW)
R:R - 1.28
1) DOJI CONFIRMED ON BOTH WEEKLY AND DAILY CHARTS
2) 50% FIBONACCI RETRACEMENT
3) MAJOR DAILY SUPPORT TURNED RESISTANCE
4) HEAD AND SHOULDERS FORMED ON 1 HOUR CHART
MISSED EARLY ENTRY AT SUPPORT 1.4584 BUT GOOD ENTRY ON 4 HOUR CHART AT 1.4420
SHOULD PRICE REVERSE THEN LONG POSITION TO 61.8% FIB RETRACEMENT
ENTRY ORDER - 1.4420
STOP LOSS - 1.4670 (PREVIOUS HIGH AND ALSO AT FIB EXTENSION LIN 1.113)
TAKE PROFIT - 1.4148(PREVIOUS LOW)
R:R - 1.28
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