Session Open Winner

Normally I don't find many good entries at the weeks open on Sunday afternoon, but this one was screaming for attention. The RSI(14) indicator was oversold on three time frames, two of which I've posted below with annotations. First off we had a pretty nice gap lower in price since Firday's close. Typically gaps are going to get filled, or there will be a significant effort made to fill them. The hourly chart was oversold, the 15-min was oversold and the 5-min was oversold. The question was where do I take the entry since the oversold condition looked to be in place since shortly after the weekly open? I had to wait it out for a reversal signal at a strong area or support. Daily pivot S1 was on the radar as an excellent spot for a reversal. At this point it's time to monitor the 5-min chart for a reversal candle as price moved close to S1. A doji candle was formed which is an excellent reversal indication at this support level. An entry was taken at 155.20. Price moved quickly into profits, retraced to test the entry then continued on to Friday's low where a scale out of 2/3 position was taken for +49 pips profit. My stop loss was moved to break even and I'm waiting with a limit order set to close the trade near the days open at 156.10. If price fails again at Firday's low, I'll most likely close or scale out another portion of the remainder. This is a good start to the week.