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UnknownUnicorn769459

GBPUSD Long

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
UnknownUnicorn769459 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD gbpusdlong Connors RSI (CRSI) 4h 4hr 4hour h4 Daily Charts
2
0
trendanalysis chartpattern indicator gbpusd gbpusdlong connorsrsi 4h 4hr 4hour h4 daily
GBPUSD has become oversold after yesterday's breakout. This can be verified using Connor's 2-Period RSI on the daily chart. Chris Moody's Slingshot System shows an aggressive entry opportunity. I recommend going long for the next 3 or 4 bars (8-16 hours) as GPBUSD pulls back from the overreaction.

Recommended SL: 1.406
Recommended TP: 1.416

Trade active:
GBPUSD testing major resistance now at 1.407.
Comment:
*Testing major support*
Comment:
Stop Loss Triggered. It is now challenging 1.406 fib support. If it's a false breakout, trade will be re-entered.
Comment:
Re-enter if confident in the 0.236 support.

New SL: 1.405
Trade closed: stop reached:
Going south. Trade is no good.
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