As per the chart, our system indicates that a bullish run could occur on GBPUSD.
A shorter term profit target can be 23.6% fib or 36.2% fib... but generally 50% looks like a solid zone to target for profit taking.
With us being reactive traders we prefer to take the charts into 3 phases:
THE PAST: What happened, where are the key levels, how did price react to other big news, what has been in recent news
THE PRESENT: What indicators do we have for selling and buying (what has the bigger odds of happening right now), where is the trend & momentum
THE FUTURE: Be reactive to the charts and edit them as new information comes along, what news is coming in the near future.
This is the analysis process which is connected to our trading strategy, the strategy we teach our community members.
A shorter term profit target can be 23.6% fib or 36.2% fib... but generally 50% looks like a solid zone to target for profit taking.
With us being reactive traders we prefer to take the charts into 3 phases:
THE PAST: What happened, where are the key levels, how did price react to other big news, what has been in recent news
THE PRESENT: What indicators do we have for selling and buying (what has the bigger odds of happening right now), where is the trend & momentum
THE FUTURE: Be reactive to the charts and edit them as new information comes along, what news is coming in the near future.
This is the analysis process which is connected to our trading strategy, the strategy we teach our community members.