chewg74
Long

GBPUSD H4 LONG - BAT

FX:GBPUSD   British Pound/U.S. Dollar
71 1 3
An excellent opportunity offered by Cable. Sterling continues to be trading within a Daily trangle since the Brexit move. Previous Gartley ended profitably for this pair, hopefully this is another nice one :)

PRZ is a nice area, with trendline support.
TBar printed.
H1 RSI oversold and retraced.
Price reaction confirmed.
Good R2R.
Enter long market Monday morning.
Trade active: Stops to breakeven.
Trade closed: stop reached: Stopped out for breakeven.
Comment: A possible Type II opportunity coming up.
Waiting for RSI to go oversold at least on H1.
I totally agree with you man. Also the last 2 candles indicate long.
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