GBPUSD Long - Could Reverse Here
Updated
HUGE R on this trade (100+). Low risk entry in my opinion. Been waiting for awhile to enter on this, looks like a good time on trade news. Cheers.
Trade closed: target reached
Nice Pop, moving SL to breakeven.
Note
This trade is a monster. Up 22R currently, holding out unless I see a big reversal on lower TF. Cheers.
Note
Another quick update. Currently sitting at 67 R. Taking half profit here.
Risking 2% per trade, taking 67% profit on the account thus far on the move. Moving SL up on other half to 1.239.
Trade closed: target reached
HUGE R target of 109 has been tagged, so I closed the other half. This was a once every couple of years type of trade.
Here's the breakdown of the power of keeping R/R in your favor:
Risk: 2.0%
First half: 67%
Second Half: 109%
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Total: 156% in duration of 34 hours
Even using a 0.25% risk/trade model would net 19.5%, an excellent year in trading by many investors.
A little luck, a little skill, but discipline and consistency are the superpowers that create wealth over the long-haul. Have a great weekend, cheers.
Note
Correction: Total should read 176% (not 156%). Cheers!
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