Been following this pare for the past few days, it's due a breakout. When i enter on the second take profit, I'd move my stop loss on the first trade to the stop loss on my second entry. Thus making the trade a risk free. however, this is an over a weekend trade so, the markets might open and retest the Top Black Resistance level. Then, the trade would play out...
I have been following this trade for a while. However, I do not see. my self as a master trader so take my idea with a pinch of salt... In contrast, price may try to retest the light blue line for the next few hours, maybe even until early morning Great British Standard time. But, it will be unable to break that line. Most traders will be going in with a...
SO, this chart may be a little hard to read. However, price may push up to the blue dotted line or the dark line before dropping. In contrast, as soon as price breaks the yellow ascending line... SHORT SHORT SHORT!
a massive retest coming up... might not get down to that level however, in the next few days you will see a lot more of hawkish motion from gbpusd UNTIL THEN SELL SELL SELL
sorry about the messy graph haven't traded in a while