I hope that you guys have made some profits from my previous analysis on the GBPUSD as the GBPUSD has moved down to hit out target profit making us a good profits before the month ends.
Like what I have told you in the previous post on the EURUSD, it is now moving in a range due to the trend difference on the higher time frame vs the lower time frame.
At the time of writing, we have entered a SELL trade on the EURUSD and set the target profit at 100 pips as the price has triggered the entry for my strategy.
In fact, if you take a look at the picture below, you can see the trade that we have taken.
For the GBPUSD, it has completed its Fibonacci extension run for my previous trade.
However after moving side way for a while, there is a high chance that the price will continue to move down to hit the next full fib run
Below is the picture showing you the first full fibonacci run
Below is the picture showing you the next full fibonacci run and the trade that we have done
For those of you who are interested to join my trade copier service, you can take a look at the link below
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