GBPUSD M15 12/01/2017

The pair is consolidating around the 61.8 fib level, if the pair becomes bearish, there is a chance for short entry on M15. However, if the fib level won’t resist the price, there is bullish setup on M15 as well.

GBPUSD M15

On h4, The graph is on 61.8 retracement. A bear on M15 should wait for a break of the trendline and sell the retest.. A bull will be waiting for a bounce on a supporting trendline to buy a higher low, this will rally to the top of the weekly triangle( green line).

One thought on “GBPUSD M15 12/01/2017”

  1. Looks like it’s bouncing off the weekly central to me. Already short with stop at BE.

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