GBPUSD- High Probability Trading Setup

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.