Sell limit order on GBP/USD

I put sell limit order on  GBP/USD on 50% fibs with 30 pips SL and i took 50 pips profit on this trade. I put this limit order becouse pound made a new lower low so first conformation of a new trend or depper pullback. I also mark on the chart below whrere You can search for potencial buy area on fibs extansion witch is also fib cluster zone. I insert into the post hourly chart so You can see more . When You don’t have new lower low i remended to trade on 38.2% or 23.6 %.

sell-gbp

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Thursday, March 26th, 2009 Trades

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