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GBPUSD FIB for down move

Entry order placed for the SHORT @ the 61.8% FIB.

Risk Reward ratio of 1:4
Giao dịch đang hoạt động
Entry order reached and trade active.
Ghi chú
Moving Stop to 1.2485
Ghi chú
Because high impact news is coming out in about an hours time, I will move my stop to 1 pip below my entry level. 1.2469 just as a precaution if price gets spiked upwards, I don't think this is the case, as I still believe price should go down and break the low of the Y-wave, but rather no profit, than a loss.
Giao dịch được đóng thủ công
Trade closed with 40 pips profit.

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