GBPUSD Long trade setup.....
GBPUSD long trade idea
-Pound rallying at the moment across all pairs
-GBPJPY Long trade which I posted 170 pips in profit
-ABC-D in play 0.5 fib level held strong now holding about 0.382
-Market sentiment in my eyes is bullish
-Price has been squeezing as we struggle for direction due to Brexit
-Uncertainty can cause a lot of panic in the market
-I have a position long in play but safest bet is to wait for a 4hour break and close above 1.24842
TOP TIP....always be strict with you risk...I never risk more than 2% of my total capital on any trade no matter how good the setup is....Preserving and protecting your capital is just as important as growing your capital
Happy trading
-Pound rallying at the moment across all pairs
-GBPJPY Long trade which I posted 170 pips in profit
-ABC-D in play 0.5 fib level held strong now holding about 0.382
-Market sentiment in my eyes is bullish
-Price has been squeezing as we struggle for direction due to Brexit
-Uncertainty can cause a lot of panic in the market
-I have a position long in play but safest bet is to wait for a 4hour break and close above 1.24842
TOP TIP....always be strict with you risk...I never risk more than 2% of my total capital on any trade no matter how good the setup is....Preserving and protecting your capital is just as important as growing your capital
Happy trading
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