GBPUSD Outlook 7/11
Updated
Bias is bullish for the week. Similar outlook as EU. looking for bullish reactions around last week's low.
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Buy position on GU. dont love the timing, expecting a reaction after last week low captured.
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SL to BE
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Risk free SL at BE. This would be a good place to take profit however I am waiting for today's high. We shall see if the market rewards me or punishes hubris.
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Moving slow but still holding bullish ODF for now.
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Decided to keep original SL not BE.Note
Every once in a while, a little hubris can pay you well. You just need to identify when to take that sort of risk.
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80% off the table if we make a new high
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I moved my intial TP and the market is playing with me as a result. Always trust the first decisions you made unless something happens to change them. still confident a new high will be printer before price returns.
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Still holding full position which I do not like. Pretty confident I will get my chance to TP above the last high, however lesson learned, there was no need to hold this long.
3 daily opens are stacked, this is one of my favorite scenarios for big moves.
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A little disappointed with my risk management on this one. Entering additional positions here, collapsing all at previous high.
Let the algo show you its hand.
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