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GBPUSD TRADING PLAN

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
VasilyTrader Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Forex forexsignals forextrading Technical Analysis forecast alert pound dollar USD (US Dollar)
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trendanalysis chartpattern indicator forex forexsignals forextrading technicalanalysis forecast alert pound dollar usd-us-dollar
snapshot

pound dollar is approaching 1.3 structure support level.
RSI is very oversold with clear divergence
+ we have a completed head and shoulders pattern.

neckline is a narrow resistance level around 1.304

our plan is:
wait and buy bullish breakout of a neckline

T1 - 1.308
T2- 1.314

Stop below left shoulder
Comment:
Right shoulder is completed
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