GBPUSD ABC Bullish Correction
Updated
1.4070 is the 1.61 projection of the 4th wave. Price diverging with RSI and Stochastic RSI. With that in mind
Buy 1.4090
TP 1.4290 (6.2:1 risk:reward)
In reversal 3x shorts below 1.4080 for break even
Scope for extension below 1.4020
Buy 1.4090
TP 1.4290 (6.2:1 risk:reward)
In reversal 3x shorts below 1.4080 for break even
Scope for extension below 1.4020
Trade closed manually
Buy at 1.4090 closed at 1.4020 (minus 70 pips)3x sell at 1.4045 closed at 1.4020 (+75 pips)
Net +5 pips
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