GBPUSD March 2020

2020-01-14 06:14:52

Targets: 1.25 / 1.22 / 1.168
Time landmark: March`20
Distance: 10%

Actions step by step:

1. Find a similar fractal on 3H:
https://www.tradingview.com/x/1Hor84Cw/

2. Copy that on 45m:
https://www.tradingview.com/x/ZXo2qf6a/

3. Paste it on 3H:
https://www.tradingview.com/x/0F8tsGyP/

4. Let`s apply Fibo on small element. As we can see, target is 423.6:
https://www.tradingview.com/x/aVpIn94Q/

5. Now apply Fibo on big element on D1. Target is the same - 423.6.
https://www.tradingview.com/x/xoKZpgfU/
But given the different volatility, we may not reach this goal. Therefore we can look for closing earlier.

6. And Weekly chart:
https://www.tradingview.com/x/3smxDGAT/