LONG AB=CD/New Trader

11 thg 4, 2016

USDGBP has made a AB=CD pattern and is headed back into trendline support after testing previous structural resistance (Creating a triple top). RSI oversold. Previous Oversold show bounce. Looking to buy LONG @0.69716 with a SL @0.69057 and two targets 1. TP@0.71015 before structure resistance and 2. TP@ .7179 before next structural resistance for a total of 205PIP gain. 65PIP Loss

New to this. Let me know if my analysis holds weight. Thanks