GBP/USD 1h chart setup

GBP/USD has been showing out a perfect Fibonacci pattern.

Could it break through the 61.8% barrier & eventually hit the 100% retracement level?

"Fibonacci is mostly self-prophecy of traders, & it happens mostly in most traded currency."

SETUP suggestion:

Long @ 1.312 >> 50% retracement level
SL @ 1.308 >> 50% level unable to hold & leave some space for fake breakout
TP @ 1.33 >> 100% retracement level

Trade at your own risk.

Sorry for bad English & I wish you good luck.
Kyle the average trader.
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –