Hi Guys, Here is the trade opportunity I have found after - TopicsExpress

Hi Guys, Here is the trade opportunity I have found after analyzing GBP/USD. The GBP/USD opened the Asian session at 1.6073 and is now trading around 1.6111, 8 pips above 1.6103, the 50 SMA. On upside there is a strong resistance around 1.6122, the 38.2 fib level. A pull back is expected from this point or from 1.6090, the 50% fib level and where there lies another strong resistance. My analysis suggests that a pullback is most likely to happen. So I am going short around 1.6111. What is your idea about this? Is there any better trade setup? Please share your views about this trade setup. https://charts.mql5/5/932/gbpusd-h4-capital-trust-markets.png Cheers Samina ....see more details here mt4forum/showthread.php?404

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