GBPUSD: Retracement Trade
Updated
A retracement is a minor pullback or change in the direction of a financial instrument or Retracement happens when the price reverses near the pivot points of support and resistance levels.
Indeed I am going against the Daily bullish trend. Stop loss obviously placed slightly above the resistance, and take profit slightly before the support.
Thank you
#agofx #gbpusd
Indeed I am going against the Daily bullish trend. Stop loss obviously placed slightly above the resistance, and take profit slightly before the support.
Thank you
#agofx #gbpusd
Note
Move SL to BE.
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