If you entered at S2, I recommend you lighten up your position now as we are approaching very strong resistance in the form of TS.
Already ~80+ in profit so not bad
Now, we need to close above TS to feel more confident about the trade since we are actually trading in very spooky territory
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Taking profits / 115+pips Looking for a better place to re-enter Enjoy your pips and be patient
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Where to re-enter? I think that a good place will be in the support area between S2/S3 Once there, we can look for an entry signal We already made good money on this trade so please be patient and don't give your money back to the market
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Stage 1 has completed Now we want to look for a sell
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Price moved up from S2 217 pips. I managed to get 115 of those which was great The move down is already 135 pips down
I also managed to get ~45 pips out of those which is also great I'm now holding with SL be Remember that we have important GBP news at the end of the week
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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.