SHORT trade for GBP/USD
Updated
Short trade for GU. A little premature on my entry but it wound up not being so bad. Solid show on the minor resistance to the previous major. Barring any bad news from either country, I don't expect too much resistance towards my profit target. I am currently in this trade. Will keep up to date. Here are my numbers for the trade.
Entry - 1.37144
Stop Loss - 1.36141
Stop Loss - 1.35814
Risk - 1%
R/R -2
As always,
Stay safe and stick with your plan.
Entry - 1.37144
Stop Loss - 1.36141
Stop Loss - 1.35814
Risk - 1%
R/R -2
As always,
Stay safe and stick with your plan.
Note
Moved stop loss to 20 pips below entry to protect some profit should price reverse hard.Trade closed: stop reached
Stop was hit before I was able to get in front of the computer this morning. Captured a small profit since I moved my stop up. I should have closed out this trade along with my GJ trade yesterday when I was ahead. I need to stop holding positions through major news/economic announcements. I'll work on that. I'll keep an eye on this pair for now. As always,
Stay safe and stick with your plan.
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