GBPUSD - A low risk high reward long

- Some strength seen on GBP and change on a short term trend
- A cup and handle formation if price manage to break 1.25222
- The entry now has a lower risk since price is supported by the trend line
- The final target price is around 1.298

Trade ist aktiv:

Still strong here for GBP although bad news push the GBP lower to 1.21995 on monday on a lower volume hence when buying comes back, it will easily push it back up, strength in the background. First TP@1.25222 reached, next TP@1.3

Trade geschlossen: Ziel wurde erreicht:

We have reached our final TP here. Give yourself a pat on the back if you have followed this idea. Cheers.