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GBPUSD - 1 HOUR Trade LONG - 5 TO 1 WIN VS RISK
British Pound / U.S. Dollar
Long
GBPUSD - 1 HOUR Trade LONG - 5 TO 1 WIN VS RISK
By UnknownUnicorn483829
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Updated
Jul 18, 2019
5
Cheer
Cheer
Jul 18, 2019
Hello all - DuncanForex here with another trade idea
With GBPUSD cycling higher on the 1 hour chart - although it is against the trend - I am looking to trade it back to resistance.
On the 4hour chart it has printed a nice inside bar and the high of that candle as already been broken.
I am expecting USD weakness now certainly until month end as we head to the FOMC date.
I have places a buy stop just above this area so if it does cycle higher - I will be in.
With AUDUSD heading higher overnight as planned, I am looking to add to my positions on correlated USD pairs.
thanks for looking at my idea
Duncan
Jul 18, 2019
Trade active
TP 1 & 2 hit at 1.2495 and 1.2540
Jul 18, 2019
Trade active
potential for more entries following the bounce on support
buystop
Candlestick Analysis
duncanforex
Economic Cycles
Forex
GBPUSD
NZDUSD
Support and Resistance
tradeidea
tradesafe
UnknownUnicorn483829
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