GBPUSD Long Setup Target 1.3450 - SWING TRADE
Updated
This is going to be a bit long one i think.
I have multiple entries for this trade. First one is Limit buy order at 1.18240 and the other one is BUY STOP above 1.2805.
This is weekly chart so stop loss is going to be huge. BUY STOP order has 880 pips stop and BUY LIMIT order has 400 pips stop
1. ENTRY: 1.18240 BUY LIMIT
2. ENTRY: 1.2805 BUY STOP
SL: 1.14226 400 & 880 pips
1. TARGET: 1.2804
2. TARGET: 1.3450
TRAILING STOP:
I'm not planning to move my stop until the trend line breaks. I will move my stop right after each waves breakout.
RISK MANAGEMENT:
Minimum risk for this trade is around $90 with 1 micro lot (0.01 lot). So at least $5000 balance required for this trade (2% risk)
DISCLAIMER: This is not financial advice
Trade safe,
Atilla Yurtseven
I have multiple entries for this trade. First one is Limit buy order at 1.18240 and the other one is BUY STOP above 1.2805.
This is weekly chart so stop loss is going to be huge. BUY STOP order has 880 pips stop and BUY LIMIT order has 400 pips stop
1. ENTRY: 1.18240 BUY LIMIT
2. ENTRY: 1.2805 BUY STOP
SL: 1.14226 400 & 880 pips
1. TARGET: 1.2804
2. TARGET: 1.3450
TRAILING STOP:
I'm not planning to move my stop until the trend line breaks. I will move my stop right after each waves breakout.
RISK MANAGEMENT:
Minimum risk for this trade is around $90 with 1 micro lot (0.01 lot). So at least $5000 balance required for this trade (2% risk)
DISCLAIMER: This is not financial advice
Trade safe,
Atilla Yurtseven
Note
Trade is active and ~155 pips to the first targetTrade active
1st target hitEntry: 1.2324
Target: 1.28046
Profit: 480 pips
Note
Moved my stop to BE after 480 pips profitTrade active
Moved my stop to 1.27480Note
+750 pips since 02 Sept 2019Trade active
+1130 pipsTrade closed: target reached
Trade closed with profits after 3 monthsEntry: 1.2324
Exit: 1.34504
Profit: 1125 pips
I know Kung-Fu!
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