GBPUSD - Fibonacci Retracement + Daily support
GBPUSD.
Looking at the daily chart, there is an evident bullish run. With this being said, a 50% retracement from the last HL and the last HH is lining up with our current level of price in the market. The first HH at the beginning of this run (vertical line) is currently acting as a key level, with price wicking into the exact same zone.
I will be looking for an entry for a 4.4:1 buy position.
Key:
Daily - white
Looking at the daily chart, there is an evident bullish run. With this being said, a 50% retracement from the last HL and the last HH is lining up with our current level of price in the market. The first HH at the beginning of this run (vertical line) is currently acting as a key level, with price wicking into the exact same zone.
I will be looking for an entry for a 4.4:1 buy position.
Key:
Daily - white