GBPUSD DAILY ENTRY
Updated
The entry should not be lower than 1.28380, there are no any significant news on monday but doesn't mean it won't be volatile
Make sure you set the SL before TP. It's a risk management anyway.
This is only my personal view, make sure you make your trading plan before entering any position
Make sure you set the SL before TP. It's a risk management anyway.
This is only my personal view, make sure you make your trading plan before entering any position
Note
The entry was not very good but still manage to reach 50 pips upward before going downThis is a daily view which is shorter term position, if the position manage to profit 30-50 pips, it would be the best to set the STOP LOSS to BREAKEVEN
If you already profit 30 pips, decide to hold until it go higher, the STOP LOSS you move to BREAK EVEN will prevent you from losing money
#moneymanagement
Let's look forward to the next entry
Be patient, market is always open 24 hours for 5 days in a week
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.