Our Preference: Sell Below1.3400 for the target of 1.3320 and 1.3260 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- GbpUsd was trading in the equidistant channel lines and new lower trend line formed as key support level and its trading above the 38% Fibonacci retracement levels, so we can sell below key resistance level of upper trend line and except upto next key support level of lower trend line :- which we have shown in attached image.
In Daily Chart :- GbpUsd was trading in the equidistant channel lines and new lower trend line formed as key support level and its trading above the 38% Fibonacci retracement levels, so we can sell below key resistance level of upper trend line and except upto next key support level of lower trend line :- which we have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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