GBPUSD Trade setup today

Mar 21, 2023

This pair has been experiencing a remarkable and persistent upward trend, taking advantage of the downturn in the US economy. This trend is expected to continue due to ongoing positive fundamentals, leading to further excitement in the market. The current target for this rally is at a price of 1.2455, with the potential for a significant 2000-pip increase to a price of 1.3904, as predicted earlier this year. To capitalize on this trend in the short term, I will be monitoring the climb from the new supply level of 1.2195, with a maximum stop loss of 25 pips at 1.2170, targeting a potential gain of 200+ pips at 1.2410. I will provide updates if there are any changes.

Mar 22, 2023

Trade active

Currently, we have generated a profit of approximately 30 pips from this setup. Despite our confidence, it's important to note that we should only boast about our success after the market has validated our predictions. One should not underestimate the significance of taking partial profits at key levels. Personally, I find it advantageous to take partial profits at these levels and await a break of a higher high or lower low. For this particular trade, I plan to take partial profits at the 1.2230 level due to the anticipated supply, which could drive the price back down to the 1.2140-1.2130 region - a more significant demand level for a potential intraday target of 1.2410. Therefore, I recommend that you also consider taking partial profits and adjusting your stop loss to the original entry. If the price eventually closes below 1.2210, I'll consider shorting the market down to 1.2140 before the long up to 1.2410. I'll keep you informed of any updates.

Mar 24, 2023

Trade active

As we continue to seek out opportunities in this market, our journey has been nothing short of amazing. Now, it's time to put the finishing touches on this rally with a possible push to Supply at 1.2410 or 1.2455. To do so, I'll be watching for a price tap at 1.2245 and 1.2225 with a slightly surprising stop loss of 30 pips at 1.2215. This entry carries a significant amount of risk, but with a potential reward of 160 pips at 1.2410, it may be well worth it. Remember to always apply proper risk management techniques.