GBPUSD - BUY OPPORTUNITY
Updated
Looking to BUY GBPUSD in BUY AREA, targeting TP AREAS. (30+ PIPS)
ENTRY CRITERIA:
1. Enter on signs of reversal, price action
2. Do not enter if price breaks through buy area with strong bearish momentum
Looking to target price area 1.282 (110 PIPS) if bullish momentum strong
Trade Safe
ENTRY CRITERIA:
1. Enter on signs of reversal, price action
2. Do not enter if price breaks through buy area with strong bearish momentum
Looking to target price area 1.282 (110 PIPS) if bullish momentum strong
Trade Safe
Order cancelled
Bearish break through - Trade not taken.Note
will be looking for re-entry on price action.Trade Safe
Trade active
Note
on track to TP AREA 1 (30 PIP)Note
Options for managing trade position upon gaining +30 pips -1. Adjust SL into BE to protect trade and ride 100% of position risk free to TP Area 2/ 3
or
2. Simply close partial (50% of position minimum), to secure some profit + adjust SL into BE to protect trade & ride remaining position risk free to TP Area 2/ 3
Trade closed: target reached
TP AREA 1 HIT - (30 PIPS)*** Read above comment for trade management ***
Trade Safe
Trade closed: target reached
TP Area 2 Successfully Hit -×- (55 PIPS)Note
Holding risk free trade to target area 1.282 (110 PIPS)
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.