GBP/USD analysis - 24 Oct 2024
Updated
1.2955 acts as an important level today & if price stays below this level then we expect it to hit our target profit at 1.29013.
If price breaks above 1.2955 then it should hit 1.2980.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell GBP/USD @ 1.2935
Stop Loss @ 1.2955
Take Profit @ 1.29013
Trade 2 (Risk 1% of your account size);
Buy Stop GBP/USD @ 1.2955
Stop Loss @ 1.2935
Take Profit @ 1.2980
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
If price breaks above 1.2955 then it should hit 1.2980.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell GBP/USD @ 1.2935
Stop Loss @ 1.2955
Take Profit @ 1.29013
Trade 2 (Risk 1% of your account size);
Buy Stop GBP/USD @ 1.2955
Stop Loss @ 1.2935
Take Profit @ 1.2980
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
Trade active
Trade 1 is activeTrade closed: stop reached
Trade 1 hit stop loss levelTrade active
Trade 2 is activeTrade closed: target reached
Trade 2 profit level hit.
Net profit + 30 pips
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