GBPUSD | FIBONACCI RETRACEMENT
Hello Traders!
Price invalidated the channel and currently forming a bearish signal over Resistance area at 1.2260 which was formerly Support of the invalidated channel and looking at the chart pattern, price is rejecting the fibs 50% retracement level, this is confluence, rooting to short this pair down to around 1.1950 level.
please support with LIKE if you find the trade idea useful.
Regards
Price invalidated the channel and currently forming a bearish signal over Resistance area at 1.2260 which was formerly Support of the invalidated channel and looking at the chart pattern, price is rejecting the fibs 50% retracement level, this is confluence, rooting to short this pair down to around 1.1950 level.
please support with LIKE if you find the trade idea useful.
Regards
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