GBPUSD Long

Apr 20, 2018

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

Apr 20, 2018

Trade active

GBPUSD testing major resistance now at 1.407.

Apr 20, 2018

Note

*Testing major support*

Apr 20, 2018

Note

Stop Loss Triggered. It is now challenging 1.406 fib support. If it's a false breakout, trade will be re-entered.

Apr 20, 2018

Note

Re-enter if confident in the 0.236 support.

New SL: 1.405

Apr 20, 2018

Trade closed: stop reached

Going south. Trade is no good.