USDGBP
4H Long
1. Price retraced WXY to fib
ext. 1:1 below major support with Bullish DIV at oversold
2. Price Break up major support and retraced
back to fib level 0.5 at major support + break recent trend resistance at 55EMA + 200EMA
3. Long USDGBP at 200EMA (current concern = price still under VWAP)
4. TP 1 = Fib ext 1:1 = $0.812
TP 2 = fib 1.236 (also Fib level 0.618 of WXY correction) = $0.823
5. SL = $ 0.76477 (under major support)
6. R:R = 1:5.5
4H Long
1. Price retraced WXY to fib
ext. 1:1 below major support with Bullish DIV at oversold
2. Price Break up major support and retraced
back to fib level 0.5 at major support + break recent trend resistance at 55EMA + 200EMA
3. Long USDGBP at 200EMA (current concern = price still under VWAP)
4. TP 1 = Fib ext 1:1 = $0.812
TP 2 = fib 1.236 (also Fib level 0.618 of WXY correction) = $0.823
5. SL = $ 0.76477 (under major support)
6. R:R = 1:5.5
Trade closed: stop reached
PX2