Trading Plan
Currency Pair: GBP/USD
Entry Price: 0.84644
Profit Level: 0.84923 (0.33%)
Stop Level: 0.84595 (0.06%)
Risk to Reward Ratio (RR): 5.94
Time Frame: Tokyo to London Session (3:00 PM)
Direction: Buy (Long Position)
Context and Market News
Market Sentiment: The pound briefly edged up on Friday after UK retail sales data beat expectations for May, suggesting some resilience in the British consumer market. However, this came a day after the Bank of England signaled a possible rate cut in August.
News Driver: Positive retail sales data provided some support for the pound, despite the dovish outlook from the Bank of England.
Currency Pair: GBP/USD
Entry Price: 0.84644
Profit Level: 0.84923 (0.33%)
Stop Level: 0.84595 (0.06%)
Risk to Reward Ratio (RR): 5.94
Time Frame: Tokyo to London Session (3:00 PM)
Direction: Buy (Long Position)
Context and Market News
Market Sentiment: The pound briefly edged up on Friday after UK retail sales data beat expectations for May, suggesting some resilience in the British consumer market. However, this came a day after the Bank of England signaled a possible rate cut in August.
News Driver: Positive retail sales data provided some support for the pound, despite the dovish outlook from the Bank of England.
Trade closed: stop reached
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.
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.