Sive Morten
Special Consultant to the FPA
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Good Day Sive,
I am seeing something that looks like a double repo on GBPUSD. But the thrust is very weak and took like 15 candles to form. What do you think of it, Sive ?
Hi Mandrake, please notify on what time frame
Anyway, I do not see good DRPO, but you can catch still a Bread&Butter Buy on 4-hour time frame from 1.4606 Confluence area. The target - 0.618 retracement from whole down move - about 1.4700 area.
So, I think buy from 1.4610 (although in may go a 30 pips lower, just watch for eny reversal patterns), t/p 1.4700, s/l at your risk, just watch for risk/reward ratio.
Good luck
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