TraderSQUAD
Long

GBPUSD ABC Bullish Correction

FX:GBPUSD   British Pound/U.S. Dollar
a year ago
1.4070 is the 1.61 projection of the 4th wave. Price diverging with RSI and Stochastic RSI . With that in mind

Buy 1.4090
TP 1.4290 (6.2:1 risk:reward)

In reversal 3x shorts below 1.4080 for break even
Scope for extension below 1.4020
a year ago
Trade closed manually: Buy at 1.4090 closed at 1.4020 (minus 70 pips)

3x sell at 1.4045 closed at 1.4020 (+75 pips)

Net +5 pips

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