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technical_trader_sour
Jun 1, 2015 4:04 PM

GBPUSD, In Major Demand Zone. Long

British Pound/U.S. DollarFXCM

Description

Update: TAKE PROFIT HIT. GOOD TRADE

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From this point, i believe the market should see a strong rally up. Why?
Unfilled orders.
Few others things as well for confluence.
Eg1 - Rsi Divergence formed, Been oversold for a long period of time.
Eg2 - Current Demand area, has engulfed a previous supply, which suggests a good zone.
Eg3 - At the bottom area of the down channel

A break above the down channel would be another possible EP, but larger risk.
Comments
technical_trader_sour
CURRENTLY UP 154 PIPS
technical_trader_sour
220 pips and counting ! xD
technical_trader_sour
Tp, hit as i moved it few pips. around 300 pips grabbed good game.
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