GBP/USD is holding beautifully above a historical high.
From here, it’s a great spot for a long position with a stop just below yesterday’s candle low, around the 1.3400 level. With a small risk of only 0.40%, the upside potential is at least the previous highs (+1.30%) and possibly higher — I’m targeting a move toward 1.38.
Great risk/reward setup. Long is on!
From here, it’s a great spot for a long position with a stop just below yesterday’s candle low, around the 1.3400 level. With a small risk of only 0.40%, the upside potential is at least the previous highs (+1.30%) and possibly higher — I’m targeting a move toward 1.38.
Great risk/reward setup. Long is on!
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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.