GBPUSD- High Probability Trading Setup
A good continuous setup forming looking at Elliott Waves. Highlighted areas indication potential reversal zones.
Currently a Wave 3 of 3 completion, Completed bullish Bat and RSI oversold. A Nice opportunity to Buy to ride Wave 4.
Currently a Wave 3 of 3 completion, Completed bullish Bat and RSI oversold. A Nice opportunity to Buy to ride Wave 4.
Note
NOTE: Bullish Bat completed @ 1.525Trade active
Long Entry @1.522 Target Price @1.526Trade closed: stop reached
Stopped out on long entry -11 pipsTrade active
Short Entry @ 1.5199Trade closed: target reached
Short Entry Target reached @1.512Pips on Short Entry +77
Note
Waiting for price action to indicate Wave 3 complete and Wave 4 started will look to short upon Wave 4 completion.
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