GBPUSD - Long 4 : 1 Win vs Risk trade idea
Updated
Hello all
Slightly late in publishing this trade idea.
I entered at 1.2922 after the hourly bullish engulfing candle at support - I should have entered lower and trusted my analysis, however I wanted to wait until my entry signal printed.
I'm looking to ride this up to the next level of resistance at a 4: 1 ratio.
I'm expecting a weaker USD in the coming weeks.
This will be monitored closely as with all trades, however especially this week with all the high risk news coming out.
Thanks for looking
Duncan
Slightly late in publishing this trade idea.
I entered at 1.2922 after the hourly bullish engulfing candle at support - I should have entered lower and trusted my analysis, however I wanted to wait until my entry signal printed.
I'm looking to ride this up to the next level of resistance at a 4: 1 ratio.
I'm expecting a weaker USD in the coming weeks.
This will be monitored closely as with all trades, however especially this week with all the high risk news coming out.
Thanks for looking
Duncan
Trade closed: target reached
Trade played out, didn't take second leg higher however as was already in a long XAUUSD trade through NFPNote
Hi All - I posted a video to how i did the analysis to get into this trade - here it is . I hope it is of some help to youyoutube.com/watch?v=Ajk3QW_1ZNA
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