Buying GBP/USD
Updated
Hey folks!
It's been a long time since I've posted anything here or even traded on my live accounts.
As a first, I've just opened a long position on GBP/USD for the followings reasons:
Note: Even if the above mentioned is true there is a huge chance that the position will end up in Stop Loss.
Don't be afraid to be wrong, take the chance to test your ideas.
Adam
It's been a long time since I've posted anything here or even traded on my live accounts.
As a first, I've just opened a long position on GBP/USD for the followings reasons:
- As Brexit talks are heated more and more traders try to a anticipate the course of the sterling.
- As seen on the daily chart we have a very strong engulfing candle that could signal a continued rising.
- On the hourly chart you will see a bullish triangle that confirms this idea.
Note: Even if the above mentioned is true there is a huge chance that the position will end up in Stop Loss.
Don't be afraid to be wrong, take the chance to test your ideas.
Adam
Trade closed: stop reached
The position ended with reaching the Stop Loss. I haven't taken into consideration the possible reversal for the double top.Trade closed: target reached
I reentered the position, upped my game with 0.4% risk to 1.3% and it hit Take Profit.Today's in green.
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