Signal: GBPUSD Long— Continuation
Context:Pullback in range-bound regime.
Probability: Normal
Risk: 1% → Due to continuation
R:R Plan: 1.3R, 50% scale-out at TP - reasonable probability
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Notes:
USD Interest Rates have pushed the dollar to give signal on Judge Fortress Algorithm.
GBPUSD continuation had been set up pending signal for 4 days. Volume for bullish moves are high, and the R:R setup very profitable with potential to secure further into 1.8-2R as days go on.
Set scale out to 50% expecting a potential trend to continue further, as a trend has been evident and volume supports it.
Context:Pullback in range-bound regime.
Probability: Normal
Risk: 1% → Due to continuation
R:R Plan: 1.3R, 50% scale-out at TP - reasonable probability
---
Notes:
USD Interest Rates have pushed the dollar to give signal on Judge Fortress Algorithm.
GBPUSD continuation had been set up pending signal for 4 days. Volume for bullish moves are high, and the R:R setup very profitable with potential to secure further into 1.8-2R as days go on.
Set scale out to 50% expecting a potential trend to continue further, as a trend has been evident and volume supports it.
Trade closed manually
NNFX Exit Signal. Loss of 0.3%Mistake: Opened but did not realize there was BOE meeting on Bank Rates. Since it was too late and the R:R was secured, chose to stay in the position but in hindsight should have not executed on the signal to start with.
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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.