GBP/USD calling for the second extension
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.
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.
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