GBP/USD calling for the second extension

2018년 10월 4일

Bullish engulfing candle near major support level 1.2900 and FIB-retracement level 61.80%
with a crossover of the Stochastic in oversold conditions on the Daily.

Once engulfing candle is closed and fully formed, I'll be watching for a long entry at the 1 hour chart with an
oversold Stochastic and confirmation of a candlestick pattern.

TP1: 1.3300
TP2: 1.3500

SL: below the low of the bullish engulfing pattern.

K.