GBPUSD Fibonacci Idea for 4H Timeframe
Based on 4H Timeframe, using fibonacci retracement, we got 2 scenarios.
first if the chart bounce around 1.24940 and 1.25103 or 38% of fibonaci, find the opportunity to go long with target at 100% level of fibonacci, around 1.27077.
second, if the chart break the 61.8% level of fibonacci around 1.24143 and 1.24224, start go short with target at 0% of fibonacci level around 1.21979.
first if the chart bounce around 1.24940 and 1.25103 or 38% of fibonaci, find the opportunity to go long with target at 100% level of fibonacci, around 1.27077.
second, if the chart break the 61.8% level of fibonacci around 1.24143 and 1.24224, start go short with target at 0% of fibonacci level around 1.21979.
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