AffluentTraders

GBPUSD LONG SWING TRADE. Technical Analysis

Long
AffluentTraders Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Good evening guys. The Pound is currently on a key support level. Looking at the 4hour candle we'll see 3 bullish exhaustion candlesticks all signaling an increase in demand. Next, I move into the 15minutes to get an optimal entry, my RSI is currently at 58.42, I'll just wait till it returns to an oversold region(below 30), this will serve as a good entry to risk 15pips, 100pips as a monthly target.
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Comment:
Okay, This might Take a while
Trade active:
71 PIP Profit. Still, Holding, Let's see what Monday gives us. Happy Weekend Everyone
Trade closed manually

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