I'm buying GBP instead of Brexit drama for now
Updated
Set your Buy Limits guys! I know, I know, It's hard to go long on GBP/USD with all this Brexit drama going on and however the momentum is still bearish and we could see a lot more downside, but before that I belive we will go a bit higher that is why I am sharing with you this Idea for a trade with more than 6:1 risk/reward ratio. Small risk for big potential profit, I know it's agressive but I think it's worth a shot.
Trade active
Our trade is active, buy limit activated at 1.30184, lets set our stoploss a bit below 1.30000. Beautiful risk reward for this cheeky trade. Have fun!Trade active
We have reached 20pips profit, lets close half of the position so even if our other half of the trade hits stoploss we are breaking even.Trade closed: target reached
Ok we have 20pips in the bank, and floating around 40pips in profit with the other half of the trade, now closing into the short term resistance so lets put this other half of the trade on brake even. Now we are risk free with the other half and 20+ pips banked. Follow us on instagram @younghungrywolfTrade closed: target reached
Profit target #1 has been reached 55+ pips in the bank!
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