Slightly late for this pattern, price still in PRZ, might still be able to grab some pips.
RSI hit oversold level and is showing reversal.
Short term trade on H1 chart, use 30 minute or 15 minute chart for good entry point.
SL slightly below Point X.
R:R at 1.1 (TP1) and 1.9 (TP2).
RSI hit oversold level and is showing reversal.
Short term trade on H1 chart, use 30 minute or 15 minute chart for good entry point.
SL slightly below Point X.
R:R at 1.1 (TP1) and 1.9 (TP2).
Note
Suggest to close trade and lock in any profits before GBP news in 4 hours.Trade closed manually
Late update, but as suggested to close trade before the GBP news.Trade should close at breakeven or few pips loss.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.