We will be looking at a buy opportunity in the market for GBPUSD.
As it is shown on the chart, we are waiting for a retest of the support level and then head towards the 1.316 area.
We will be risking a maximum of 3% for this trade.
The Risk to reward ratio is 1:3. So we are risking 3% of our account for 9% growth. (Personally, I'm not a big fan of TPs, cause I don't want to limit my gains but I always use Trailing stop loss and partial closure to maximize profit.)
I will update you guys with the results asap.
Mr. Grateful :) x
As it is shown on the chart, we are waiting for a retest of the support level and then head towards the 1.316 area.
We will be risking a maximum of 3% for this trade.
The Risk to reward ratio is 1:3. So we are risking 3% of our account for 9% growth. (Personally, I'm not a big fan of TPs, cause I don't want to limit my gains but I always use Trailing stop loss and partial closure to maximize profit.)
I will update you guys with the results asap.
Mr. Grateful :) x
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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.