simontien
Long

GBPUSD 1D: this sell off should take a breath

FX:GBPUSD   British Pound/U.S. Dollar
Waiting for the bullish Cypher to complete, this pair is now sitting on an area of support confluencing with the 50% Fib retracement of the Cypher's XC move.
On the lower timeframe (1h) there is double bottom with bullish RSI divergence.
Daily RSI is extremely oversold.

Action: buy at market and go for a single target at 38.2% Fib retracement of the AB leg of the AB=CD completing possibly at Cypher completion.
simontien
2 years ago
Trade in the picture was a break-even one.

Now the buy pending order on the Cypher completion has just got filled.
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