Hello traders! Here is an update of the GBPUSD institutional buy setup posted this morning:
Unfortunately we did not get filled on this trade. Price missed our entry by 1.5 pips lol. If anyone did get long this pair just ahead of the 1.2302 support figure though, good luck to you on this trade! Very good entry with little to no draw down and maximum upside potential!
Upside resistance begins at 1.2427, then 1.245, then 1.25. Watch out for these institutional resistance levels if you are long as they can push price back down.
Trade active
Beware of resistance areas ahead guys!
Trade closed manually
easily good for 60 pips so far... could go further!
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