FX:GBPUSD   Pound Sterling/U.S. Dollar
39 0 0
We are in a bullish correction from the oversold region on the daily chart . so we don't want to be trading against this correction. we are therefore going long on this pair at 1.42500. At this price entry level is where price action took support on 18th last week, which also meets the 618 fibonacci level. by the time price also reaches our entry price, RSI would have also reached the oversold region. All we have to do when the above happens is to wait for a candlestick confirmation and then we enter.
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