CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!🎯
Trade Update: GBP/USD
We have some great news on our recent GBP/USD trade! 💲
After analyzing the market conditions and identifying a solid setup, our trade has successfully Hit Take Profit 1 (TP1). This made sure that the majority of our positions have been secured and cashed out some of our gains, allowing us to lock in profits and reduce risk.
Following this, we moved our stop loss to breakeven to ensure no loss on the remaining position. This strategy not only protects our capital but also gives us the opportunity to capture further potential gains with zero risk on the table and cashing out on TP2s and TP3s. After we moved our SL to Breakeven, the price rallied to the upside and tapped us out on Breakeven.
Stay tuned for more updates and happy trading! 🚀
We have some great news on our recent GBP/USD trade! 💲
After analyzing the market conditions and identifying a solid setup, our trade has successfully Hit Take Profit 1 (TP1). This made sure that the majority of our positions have been secured and cashed out some of our gains, allowing us to lock in profits and reduce risk.
Following this, we moved our stop loss to breakeven to ensure no loss on the remaining position. This strategy not only protects our capital but also gives us the opportunity to capture further potential gains with zero risk on the table and cashing out on TP2s and TP3s. After we moved our SL to Breakeven, the price rallied to the upside and tapped us out on Breakeven.
Stay tuned for more updates and happy trading! 🚀
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