GBPUSD LONG - 5:1 Trade is Live - near 300 pips planned
Updated
Hello All
To update a related trade, I have now entered GBPUSD long - on a 5 to 1 - expecting near 300 pips in total and will be looking to add entries as it cycles upwards.
Reason for entry is that it on the 4 hour - it is a very bullish engulfing candle - on the 1 hour, you can see a strong move breaking the downward trendline
Target is based on 61.8 retrace (where this Bullish reversal took place) of original upwards move and then extension of that move out to 1.3320 area for a target
3 entries taken - Targets are the levels of resistance at each stage.
Thanks for looking
Duncanforex.com coming soon
To update a related trade, I have now entered GBPUSD long - on a 5 to 1 - expecting near 300 pips in total and will be looking to add entries as it cycles upwards.
Reason for entry is that it on the 4 hour - it is a very bullish engulfing candle - on the 1 hour, you can see a strong move breaking the downward trendline
Target is based on 61.8 retrace (where this Bullish reversal took place) of original upwards move and then extension of that move out to 1.3320 area for a target
3 entries taken - Targets are the levels of resistance at each stage.
Thanks for looking
Duncanforex.com coming soon
Trade closed manually
hi AllThis trade was closed at breakeven on the open last night
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