British Pound / U.S. Dollar
Long
Updated

GBPUSD - Finally reversing Long - Position to hold

243
Hello all

I think after the engulfing 1 hour candle on GBPUSD< we are starting to see USD weaken and GBP to start to climb higher.

I am in at 1.2860 - lets see how this plays out as it could be a 10 to 1 win ratio if it reaches highs of 1.33xx

Same reasons apply to entry as per related trade idea below

It meets my trade entry reasons, lets see how it goes.

Thanks for looking

Duncanforex.com coming soon
Trade closed: stop reached
HI all, i moved my stop loss by 50% to halve my risk. in retrospect, it may become a BAT pattern. However more importantly, on this occasion, my analysis let me down. I was trying to buy inbetween levels, i should have noted it and not entered this trade at that particular time. SHould have waited for price at value. On the daily, you can see it printed a head and shoulder pattern. I will either be looking to buy off support or if it breaks through, look to sell on the retrace

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