RCP

GBPUSD: Monday Setup

Long
FX:GBPUSD   British Pound / U.S. Dollar
Hello Traders!
Today we have a very nice long setup on GBPUSD It is a pure structure based buy opportunity. So I am waiting the price to go @1.5484 and retest the structure support and then go long all the way up until the next structure. Here we have very nice fibs condluence: 1. 38.2 right at the structure level; 2. 61.8 little below from structure. So this zone will be the reversal zone where price might reverse and rally up. As we see we have a very nice R/R as well.
Avto_T
Green Luck
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