*GBP/USD – Big Retrace

Have been watching a couple of areas on this pair for a few weeks – finally moving down to the upper of the two levels today.

It has been a fairly swift move …so (right now at least) lots of space overhead should there be an entry.

Currently there is:

— S/R
— 1.3000 Round Number
— 50Fib
— Space above before first problem areas

There is no trendline – but that’s usually a “nice to have”.

Watching for bar formation on daily. Could be: Pin, Bullish Outside Bar, Double Bar Low High Close, 2-Day Pin


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