Long opportunity for GbpUsd???
Updated
The GbpUsd is in an uptrend.
The Pound surged higher against the Dollar and broke the counter-trend line two days ago, followed by a pull-back bar to retest the trend line which has now become the support.
Will the Pound continue to move higher after breaking the Doji's high that formed yesterday?
My position :
Buy Stop Order : 1.3998
SL : 1.3908
TP : 1.4133
*** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. ***
*** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
The Pound surged higher against the Dollar and broke the counter-trend line two days ago, followed by a pull-back bar to retest the trend line which has now become the support.
Will the Pound continue to move higher after breaking the Doji's high that formed yesterday?
My position :
Buy Stop Order : 1.3998
SL : 1.3908
TP : 1.4133
*** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. ***
*** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
Trade active
Enter my Long trade when market re-open on Monday, based on the 4hr Pin that formed on last Friday, rejecting from the trendline support. My position:
Entry : 1.3950
SL : Original Stop was at 1.3850 (but have moved my SL to entry)
TP : 1.4100
Trade closed: target reached
The GbpUsd surged higher today and hit my TP.My trade record since Feb 2018
+2.3r
Note
26/2 - Eur/Cad (-1.0r)27/2 - Gbp/Aud (breakeven)
5/3 - Nzd/Usd (+1.2r)
5/3 - Eur/Usd (+1.0r)
9/3 - Usd/Cad (-0.4r)
12/3 - Dollar Index (Pending)
15/3 - Gbp/Usd (+1.5r)
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.