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British Pound / U.S. Dollar
Long

GBPUSD [Pending Long]

By tradingfrog
Updated
Long fishing setup
- Buy Stop (pending order)
- Previous short trade TP2 is a strong support
- Price seems not able to get through it
- Let's see if it able to bounce of from there

Setup:
- Entry: 1.23874
- Stop: 1.23733
- TP1: 1.24399
- TP2: 1.25084
Order cancelled
Cancel for now due to push stop line before trigger.

Following each lower low bearish candle, will move buy stop down until it trigger
Comment
Entry update:
snapshot
Comment
New entry:
snapshot
Comment
Above entry:
- Entry: 1.23777
- Stop: 1.23662
Comment
Still waiting
Comment
New update:
snapshot

Entry: 1.23751
Stop: 1.23593

Expiry 2 M15 candles!!!!
Comment
One more candle close if not trigger I will be out automatically
Trade active
I am in 1.23720
Comment
Any one in trade? I had 3 positions with this trade. I will close one position when it come to 2x reward. and let the remain trades run. With that insurance position I will tail the stop. right now it 0.5x reward.
Trade closed manually
Close the insurance positions @ 1.24084. Therefore remaining trade even stop out will be risk free. How good is that!
Comment
Forgot to post my higher timeframe analysis:
snapshot
Candlestick AnalysiscountertrendfishingGBPUSDSupply and DemandSupport and Resistance
tradingfrog

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