GBPUSD- High Probability Trading Setup

Nov 6, 2015

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.

Nov 6, 2015

Note

NOTE: Bullish Bat completed @ 1.525

Nov 6, 2015

Trade active

Long Entry @1.522 Target Price @1.526

Nov 6, 2015

Trade closed: stop reached

Stopped out on long entry -11 pips

Nov 6, 2015

Trade active

Short Entry @ 1.5199

Nov 6, 2015

Trade closed: target reached

Short Entry Target reached @1.512
Pips on Short Entry +77

Nov 6, 2015

Note

Waiting for price action to indicate Wave 3 complete and Wave 4 started will look to short upon Wave 4 completion.