TRADE #2 OF STAGE 2: GBPUSD BUYING OPPORTUNITY
Here is the GBPUSD pair. It has been in a
consolidation pattern for a few weeks and looking at the slow stochastics, it is in oversold territory and now crossing the 20 line. Using fib retracements, I am going to expect the pair to retrace back to the 61.8% line. Click on the first chart to see my logic.
The second chart is a four hour chart and you can see how it has broken to the upside. and where I have placed the fib retracements on a 4 hour chart. 
consolidation pattern for a few weeks and looking at the slow stochastics, it is in oversold territory and now crossing the 20 line. Using fib retracements, I am going to expect the pair to retrace back to the 61.8% line. Click on the first chart to see my logic.
The second chart is a four hour chart and you can see how it has broken to the upside. and where I have placed the fib retracements on a 4 hour chart. 
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