UPDATE ON GBP/USD TRADE
GBP/USD 4H - We are in the money people, first few proper trades I have placed today this one and AUD/USD. As you can see they are both playing out really well and have respected our areas of interest nicely.
It is important that we manage these trades accordingly and take partials and apply safety measures throughout. As you can see price traded into our area and rejected well delivering us with what we wanted.
This trade is currently running + 42 pips. (2%) 2RR
This is a great result so far and I am expecting further bearishness to come, to bank profits we could look to take a partial here as it banks returns and also removes some risk from our position.
We could always look to apply safety measures as well like SL moves to Entry, meaning if the trade was to reverse we would be taken out at entry avoiding any losses on the positions we have placed.
It is important that we manage these trades accordingly and take partials and apply safety measures throughout. As you can see price traded into our area and rejected well delivering us with what we wanted.
This trade is currently running + 42 pips. (2%) 2RR
This is a great result so far and I am expecting further bearishness to come, to bank profits we could look to take a partial here as it banks returns and also removes some risk from our position.
We could always look to apply safety measures as well like SL moves to Entry, meaning if the trade was to reverse we would be taken out at entry avoiding any losses on the positions we have placed.
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