Hello traders good to be with you on this Monday. Let us take a look at this GBPUSD chart. As most I would think everyone has a bearish bias as I do and all I am looking for a is sell trade. I have placed the Fibonacci tool on the chart and you can see we are currently at support. I am looking for a pull back to the 61.8 level and also the 200 EMA as long as we are closed below that I am looking for an entry at the zone of 1.2415. I would like to take profit at the support level of 1.2315 and I want to place a trailing stop as I will leave a 3rd of my trade on the table. Many ways to trade this just remember we want to sell this pair I am not looking to countertrade this.
Thank you traders and we will talk soon have a great trading day…….William