Trilo
Short

GBPUSD- High Probability Trading Setup

FX:GBPUSD   British Pound/U.S. Dollar
165 0 11
A good continuous setup forming looking at Elliott Waves . Highlighted areas indication potential reversal zones.

Currently a Wave 3 of 3 completion, Completed bullish Bat and RSI oversold. A Nice opportunity to Buy to ride Wave 4.


Comment: NOTE: Bullish Bat completed @ 1.525
Trade active: Long Entry @1.522 Target Price @1.526
Trade closed: stop reached: Stopped out on long entry -11 pips
Trade active: Short Entry @ 1.5199
Trade closed: target reached: Short Entry Target reached @1.512
Pips on Short Entry +77
Comment: Waiting for price action to indicate Wave 3 complete and Wave 4 started will look to short upon Wave 4 completion.
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