GBUUSD and the dangerous 9.618: Cable at Fib extreme?
I have been watching and trading this fib for several days now.
The 9.618 is a very common Move-Ender of a fib.
Just wanted to capture this moment to observe.
I have NO idea if GU drop here, but resistance held for 3 hours including London Open.
My important take away is the Precision of the road map layed down by the Fibs.
I did of course have some limit sells just around the 9.618 with tight SL.
There is a lot of mixed UK news right now , so there is an outside force at work.
And that force comes at random times and in random directions.
So I am only trading tiny amounts fully expecting to lose. GBP rn is not a 'safe' trade.
The 9.618 is a very common Move-Ender of a fib.
Just wanted to capture this moment to observe.
I have NO idea if GU drop here, but resistance held for 3 hours including London Open.
My important take away is the Precision of the road map layed down by the Fibs.
I did of course have some limit sells just around the 9.618 with tight SL.
There is a lot of mixed UK news right now , so there is an outside force at work.
And that force comes at random times and in random directions.
So I am only trading tiny amounts fully expecting to lose. GBP rn is not a 'safe' trade.
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