GBPUSD - LONG.
Updated
Tomorrow is setting up to be a potentially strong bullish day.
DXY is weak and looking to retest its April '16 lows. BXY's closest gap is at 133.5 and it looking very bullish.
The confluences are just stacking up for GU to go long, so its only right we play for the perfect buy up to our target of 133.5.
Potential 100+ pips on this trade. Looking to play this with a 15 pip SL.
Current position is open as I caught the buy on the 'key level' I had mentioned in one of my previous posts. Beautiful entry, another 0% drawdown entry. Let's see where this goes. Will update again in the morning.
DXY is weak and looking to retest its April '16 lows. BXY's closest gap is at 133.5 and it looking very bullish.
The confluences are just stacking up for GU to go long, so its only right we play for the perfect buy up to our target of 133.5.
Potential 100+ pips on this trade. Looking to play this with a 15 pip SL.
Current position is open as I caught the buy on the 'key level' I had mentioned in one of my previous posts. Beautiful entry, another 0% drawdown entry. Let's see where this goes. Will update again in the morning.
Note
Taking in to account that it is Friday and the fact that the market has been ranging, it doesn't look like our target of 1.33500 will be reached today. Closed trade at 50 pips PROFIT. Will be looking to re-enter again at the beginning of next week.Summary = 1:5 RR Trade. 50 pips banked. 0% drawdown.
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