andrewj2290

GBPUSD potential long

Long
FX:GBPUSD   British Pound / U.S. Dollar
There seems to be strong support at the 1.293 region and we are in seriously oversold conditions. There has been a retest of the 1.293 support with some bullish divergence on the RSI . Looking to target the 1.3 area where the next strong resistance is. The long wick on the candle is showing there is a some bull action which further supports my long.
Comment: Closed my trade for a total of 34.7pips. It was starting to look like there may have been a double top forming and I feel that my target was a little ambitious. I will carry on watching to see how this plays out.