GBPUSD Long Setup Target 1.3450 - SWING TRADEThis is going to be a bit long one i think.
I have multiple entries for this trade. First one is Limit buy order at 1.18240 and the other one is BUY STOP above 1.2805.
This is weekly chart so stop loss is going to be huge. BUY STOP order has 880 pips stop and BUY LIMIT order has 400 pips stop
1. ENTRY: 1.18240 BUY LIMIT
2. ENTRY: 1.2805 BUY STOP
SL: 1.14226 400 & 880 pips
1. TARGET: 1.2804
2. TARGET: 1.3450
TRAILING STOP:
I'm not planning to move my stop until the trend line breaks. I will move my stop right after each waves breakout.
RISK MANAGEMENT:
Minimum risk for this trade is around $90 with 1 micro lot (0.01 lot). So at least $5000 balance required for this trade (2% risk)
DISCLAIMER: This is not financial advice
Trade safe,
Atilla Yurtseven
